Securities and Exchange Commission (SEC) Tarlac Extension Office and Police Regional Training Center (RTC) Central Luzon partnered against illegal investment activities.
It was fulfilled through signing a Memorandum of Agreement for the project SEC Communication, Advocacy, and Network (SEC-CAN), which aims to strengthen the campaign against scams, illegal financing schemes, and money laundering.
SEC-TEO Director Richard Laus said the collaboration will intensify measures on identifying keyplayers of illegal acts to protect the people engaging on investments.
“The SEC is working with the anti-cybercrime authorities and other law enforcement agencies such as the Philippine National Police to track down and prosecute those behind illegal investment activities, and this collaboration will further increase the awareness and understanding of illegal investment schemes among the ranks of our national police as the partner of the Commission on enforcement and investor protection,” Laus said.
In the agreement, SEC and its partners will pursue common interest in financial literacy and investor protection by means of information dissemination, promotion, and knowledge and resource sharing.
For his part, RTC Central Luzon Chief Police Colonel Miguel Guzman said in his message that this effort will provide expanded financing advocacy to its trainees and become part of its human resource development programs.
“This partnership is potentially a gateway to help the recruits in terms of investing, financial literacy, and investor protection,” Guzman said.
On the same event, Laus informed about 50 police trainees bout he primary laws and mandates of the Commission in protecting the investing public.