Philippines – The Securities and Exchange Commission (SEC) of the Philippines and the BDO Foundation have joined forces to help Filipinos fight against investment scams. The collaboration aims to foster financial literacy among Filipinos through public education materials.
As part of the partnership, the SEC and BDO Foundation have launched investor protection videos informing the public of red flags on potential scams. The videos are available on SEC’s social media accounts.
The public education materials are set to be distributed through programs, training sessions, and seminars.
Emilio B. Aquino, SEC Chairperson, commented, “We know that the SEC cannot do everything on its own. This is why we are thankful that we have the likes of BDO Foundation as our partners in promoting investor education among the public.”
“We also believe investor protection is an important aspect of financial education, and by embarking on this, we will be able to better serve sectors that we are already serving, particularly teachers, OFWs and their families, civil servants, and MSMEs, sectors which also comprise part of SEC’s target audience,” Mario A. Deriquito, president of BDO Foundation, said.
BDO Foundation and SEC first forged their partnership in 2023, when the former joined the latter’s Capital Markets Promotion and Awareness Inter-Agency network. The initiative was part of the SEC’s efforts to amplify financial literacy through partnerships with public and private organisations.
