SEC, Tarlac police sign deal vs investment scams

The Securities and Exchange Commission-Tarlac Extension Office (SEC-Tareo) and the Tarlac Police Provincial Office (TPPO) have signed a deal to intensify campaign against investment scams and financial crimes in the province.

The signing of the memorandum of agreement HMoA) here was described as a significant step in enhancing collaboration and efficiency in combating illegal business schemes.

Both directors of the organizations, Richard Laus of SECTareo and Col. Miguel Guzman of TPPO, led their respective co-officials and personnel in the MoA signing.

The two organizations pledged to work closely together to address various issues related to securities regulation and enforcement.

Under the MoA, the two organizations agreed to collaborate on activities relative to the implementation of the SEC Anti-Scam and Illegal Taking of Investments Group HSEC-Astig) — a group within its campaign network.

The network is focused on raising awareness among the public on investment scams and other fraudulent schemes.

The agreement also outlines plans for joint training programs aimed at enhancing the capabilities of law enforcement personnel in handling complex financial investigations.

Laus expressed gratitude to TPPO for the partnership, emphasizing the need for coordinated efforts to combat financial fraud and misconduct as he underscored the commitment of the commission to provide support and expertise to law enforcement agencies in pursuit of protecting the investing public.

“The signing of the MoA between the SEC-Tareo and Tarlac PPO reflects a shared commitment to uphold the rule of law and protect investors from fraudulent schemes and unethical practices,” said Laus.

“Moving forward, both organizations are poised to work hand in hand to promote transparency, accountability and integrity in the financial sector, thereby contributing to the overall economic growth and stability of the province of Tarlac,” Laus added.

On the other hand, Guzman cited the importance of collaboration between law enforcement agencies and regulatory bodies in safeguarding the integrity of the financial markets, highlighting the role of the police in ensuring investor protection and maintaining market stability.