SEC partners with DSWD 7 to fight investment scams

PARTNERSHIP. Department of Social Welfare and Development Central Visayas (DSWD 7) Director Shalaine Marie Lucero (seated left) and Securities and Exchange Commission-Cebu Extension Office (SEC-CEO) Director Sheara L. Lupango-Tamayo sign the documents that sealed the partnership between the DSWD 7 and SEC-CEO in fighting investment scams on Oct. 8, 2022. / CONTRIBUTED

THE Securities and Exchange Commission-Cebu Extension Office (SEC-CEO) sealed its partnership with the Department of Social Welfare and Development Central Visayas (DSWD 7) as its sixth SEE (Scam-proof, Equipped, and Empowered) partner in the SEC Communication, Advocacy and Network (SEC-CAN) program on Oct. 28, 2022.

SEC-CEO Director Sheara L. Lupango-Tamayo said that through this partnership “combating these illegal activities (investment scams) is going to be a lot easier and faster” for both agencies who share the mandate of ensuring the well-being of the public.

In the case of the SEC, it is mandated to protect the investing public from fraudulent investments and enhance financial literacy.

“We share the journey of taking a step together in ensuring a better economy for everyone through financial literacy and making the right choices in investing,” Lupango-Tamayo said.

DSWD 7 Director Shalaine Marie Lucero, for her part, said, “Helping SEC fulfill its mandate could also help us,…