CAGAYAN DE ORO CITY - The Securities and Exchange Commission (SEC) here held a seminar to educate the public with tools to identify on how to spend their money, and identify how investment scams operate.
The SEC urged the public to investigate before investing and give a copy of credentials from people who have business schemes or modus operandi for verification.
“We hope that our public will exercise caution that before investing or going into investing people who just approached them especially di nila masyadong kilala,” said SEC Cagayan de Oro Director Lawyer Frederick Enopia, adding if a particular person asks someone to invest immediately, without giving the latter a time to reflect, “that is already a red flag.”
He said the public should always be cautious and never easily part with their hard earned money.
Emman Shepherd, a student of Capitol University, who attended the seminar, said he learned how to determine the red flags of investment. “At the same time I also learned how to identify the right investment. Through this seminar, I am able to learn more and help me broaden my knowledge in investment,” he said.
The seminar was part of the SEC’s Investor Protection Week roadshow. (Jasper Marie Rucat)
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