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The SEC was established on October 26, 1936, by virtue of Commonwealth Act No. 83, or the Securities Act, in order to safeguard public interest in view of the local stock market boom at the time. It was created just two years after the United States Congress created the United States Securities and Exchange Commission.
The Philippine Dealing & Exchange Corp. (PDEx) is a dealing exchange for major banks in the Philippines. The primary exchange of the country for all sectors is the Philippine Stock Exchange . PDEx is licensed by the Securities and Exchange Commission (SEC) as an Exchange under the provisions of the Securities Regulation Code (SRC).
Emilio Benito Aquino (born July 23, 1964) is the current chairperson and CEO of the Securities and Exchange Commission (Philippines). He took office on June 7, 2018, [1] and was appointed by then President Rodrigo Roa Duterte. Aquino is also the first CPA-Lawyer to be appointed as SEC Chairperson. [2]
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Teresita Javier Herbosa (born October 28, 1950) [1] was the chairwoman of the Securities and Exchange Commission (Philippines). [2] She was appointed to the SEC by President Benigno Aquino III and took office on April 29, 2011. [3] As Chairperson, she is also a member of the Anti-Money Laundering Council (Philippines).
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The Philippines' Securities and Exchange Commission has begun the process of blocking access to the world's largest crypto exchange Binance, whose chief last week stepped down and pleaded guilty ...