DAVAO CITY — The Securities and Exchange Commission-Davao Extension Office (SEC-DEO) has secured the commitment of five groups for the SEC Davao CAMPAIGN Network, which it sets to launch today, April 29 (Friday) at 10:00 AM.
The event will be livestreamed on the Commission’s official Facebook page (https://www.facebook.com/PhilippineSEC).
Together with the other eight SEC extension offices in the country (Baguio, Legazpi, Tarlac, Bacolod, Cebu, Iloilo, Cagayan de Oro and Zamboanga), the SEC-DEO will hold a virtual Memorandum of Agreement (MOA) signing activity with its pioneer partners.
A total of 28 stakeholders from all over the Philippines, five of them from SEC-DEO areas, will sign the MOA to formalize the partnership.
Those that have committed to join the SEC-DEO CAMPAIGN Network include the Notre Dame of Dadiangas University in General Santos City, Cor Jesu College in Digos City, Barangay Magdum in Tagum City, the Association of Certified Public Accountants in Public Practice – Southern Mindanao Region (ACPAPP-SMR), and the Philippine Institute of Certified Public Accountants – Davao del Sur Chapter (PICPA Davao del Sur Chapter).
The MOAs are to be signed by Notre Dame of Dadiangas University President Br. Manual de Leon, Cor Jesu College President Br. Ellakim Sosmeña, Barangay Captain Ma. Teresa Reambonanza of Magdum in Tagum City, ACPAPP-SMR President Jonas Mascariñas, and PICPA Davao del Sur President Joanne Diesca.
The SEC CApital Market Promotion and Advocacy INter-aGency Network (SEC CAMPAIGN) Network aims “to promote capital market awareness in the countryside by identifying networking and linkaging as powerful strategies towards stakeholder awareness and satisfaction,” said SEC Chair Emilio B. Aquino.
Through this MOA, the SEC-DEO and its partners have agreed to pursue common interests in financial literacy and investor protection thru information dissemination, promotion, and knowledge and resource sharing.
“We are eager to join the network because we share the same advocacy,” said Br. Manuel de Leon, president of the Notre Dame of Dadiangas University.
On its official Facebook page, Cor Jesu College of Digos City said its participation in the campaign is a milestone “toward actualizing our big dream of providing financial education not just to our students but to the larger society”.
The Commission launched the SEC CAMPAIGN network in a national scale two years ago during the first Investor Protection Week celebration.
President Rodrigo R. Duterte in November 2019 signed Proclamation Number 846, declaring every second week of November as Investor Protection Week.
In that proclamation, the President stated: “(D)ue to the growing number of reported investment scams in the country, there is a need to reinforce efforts to inform and educate the public on financial literacy, investor rights and responsibilities and risks of investment, through the conduct of programs aimed at reducing the investing public’s vulnerability to fraudulent schemes”.
The President anchored this proclamation on Republic Act 11232, the Revised Corporation Code, which empowers the SEC to exercise regulatory powers over corporations and the people acting on their behalf as well as “promote the protection of investors and to prevent imminent fraud and injury to the investing public.”