Bolstering enforcement: SEC joins hands with global organizations

The Securities and Exchange Commission (SEC) has joined hands with international organizations to fortify enforcement capacities and safeguard the public against securities fraud and investment scams.

The SEC, in partnership with its counterpart in the United States and the Asian Development Bank (ADB), hosted an International Organization of Securities Commissions (IOSCO) Workshop and Investigation and Enforcement Training Workshop.

The objective of these workshops was to bolster the SEC Philippines’ ability to investigate securities-related crimes, including but not limited to insider trading, market manipulation, off-market fraud, and cryptocurrency scams.

On August 18, the SEC Philippines also conducted the IOSCO Multilateral Memorandum of Understanding Concerning Consultation and Cooperation and the Exchange of Information Public Workshop for 2023.

“Scammers are becoming more advanced and sophisticated in their techniques as new technologies arise. As such, the SEC must constantly improve its investigation and enforcement capabilities to ensure that we are always one step ahead in preventing scams,” SEC Chairperson Emilio B. Aquino said.

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