Pampanga Governor Dennis Pineda is backing the campaign of the Securities and Exchange Commission (SEC) against investment scams and other fraudulent activities at the community level.
According to a Sun Star Pampanga report, SEC officials led by Commissioner Karlo Bello discussed with Pineda the establishment of effective linkages, communication and collaborative activities on investor protection, education and advocacy with local government units in the province.
The SEC executives “vowed to deliver the programs, including their Communication, Advocacy and Network (SEC CAN) which promotes financial literacy and inclusion up to the barangay level,” the report said.
This program is aimed to ensure that all residents will be protected against illegal investment schemes and be educated to become investor champions, it added.
“Through this partnership, the SEC and the LGUs of Pampanga will pursue common interests in financial literacy and investor protection through information dissemination, promotion, and knowledge and resource sharing,” Bello was quoted as telling Pineda.
A memorandum of agreement between the SEC and the provincial government is already in the works, the Sun Star report said.