Diokno Challenges the SEC to Ramp up Protection Efforts for Filipino Investorsby Fintech News Philippines December 5, 2022
Finance Secretary Benjamin Diokno calls for the continued efforts of the Securities and Exchange Commission (SEC) to ramp up investor protection in the Philippines.
During a keynote at the SEC’s 86th Anniversary and Recognition Ceremony, Secretary Diokno acknowledged the role the SEC plays in the development and modernisation of the country’s financial markets.
He also noted how the SEC has built a competitive and secure business environment critical for capital formation, consistent with the agency’s mandate as the enforcer of standards for corporate governance and protector of the investing public.
SEC’s efforts to keep the country’s capital market and corporate sector robust are documented in the recently published “The SEC Reports: Pandemic Years 2020 to June 2022.”
Secretary Diokno said,
“I therefore challenge the commission to ramp up its enforcement and investor protection efforts. We must ensure that the people can rely on the government to keep their hard-earned money and investments safe. As we improve the ease of doing business in the country, it will attract more investments that will accelerate growth and quicken our economic recovery.
I am confident that the SEC will continue to secure the public’s trust and inspire confidence in our markets. On our part, rest assured that the Department of Finance stands ready to assist the SEC in this worthy mission.”