Second week of November declared Investor Protection Week

MANILA, Philippines – President Rodrigo Duterte has declared the second week of November every year as Investor ProtectionWeek.

Duterte signed Proclamation No. 846 on November 15, a copy of which was released to the media on Wednesday.

The President said the Securities Regulation Code mandated the government “to protect investors, ensure full and fair disclosure about securities, and minimize if not eliminate insider trading and other fraudulent or manipulative devices and practices, which create distortions in the free market.”

“[D]ue to the growing number of reported investment scams in the country, there is a need to reinforce efforts to inform and educate the public on financial literacy, investor rights and responsibilities and risks of investment, through the conduct of programs aimed at reducing the investing public’s vulnerability to fraudulent schemes,” he said in his proclamation.

He said the Securities and Exchange Commission, in coordination with the Presidential Communications Operations Office, would lead the observance and celebration of the Investor Protection Week.