Mindanaotoday.com | SEC-CDOEO launches SEC CAMPAIGN Network
CAGAYAN DE ORO CITY – The Securities and Exchange Commission-Cagayan de Oro Extension Office (SEC-CDOEO) has secured the commitment of two private agencies for the SEC Cagayan de Oro CAMPAIGN Network, which was launched April 29 at 10:00 AM.
The event was livestreamed on the Commission’s official Facebook page (https://www.facebook.com/
Together with the other eight SEC extension offices in the country (Baguio, Legazpi, Tarlac, Bacolod, Cebu, Iloilo, Davao and Zamboanga), the SEC-CDOEO held a virtual Memorandum of Agreement (MOA) signing activity with its pioneer partners.
A total of 28 stakeholders from all over the Philippines, two of them from SEC-CDOEO areas, have signed the MOA to formalize the partnership.
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 Chairman, Atty. Emilio B. Aquino, CPA.
Those that have committed to join the SEC-CDOEO CAMPAIGN Network include the Philippine Institute of Certified Public Accountants – CDO Mis Or Chapter, and the Junior Chamber International, Cagayan de Oro Inc.
“This is a milestone for us here in SEC-CDOEO to be officially putting into terms our partnership with the private agencies. And we are continuously working to prepare with the other key agencies that are vital in the implementation of the SEC-CAN throughout the entire year,” said SEC-CDOEO Director, Atty. Frederick A. Enopia.
Through this MOA, the SEC-CDOEO 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 have always been looking forward to this partnership to happen and make it official although we have been partnering with the SEC-CDOEO already for the past few years in our activities,” said Raymond Vasquez, Chapter President for PICPA-CDO Mis Or.
On its official Facebook page, JCI Cagayan de Oro Inc. said that its involvement in the SEC-CAN partnership is “…an honor and privilege to be one of the pioneering partners of SEC-CAN in Cagayan de Oro City and Northern Mindanao.”
The Commission launched the SEC CAMPAIGN network on 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.” (SEC-CDOEO)