Second week of November declared Investor Protection Week

President Rodrigo Duterte has declared the second week of November of every year Investor Protection Week, a document released by Malacañang on Wednesday showed.

Proclamation 846 tasked the Securities and Exchange Commission, in coordination with the Presidential Communications Operations Office, to lead the observance of the Investor Protection Week.

“[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,” the proclamation stated.

Duterte signed the proclamation on November 15. — Virgil Lopez/BM, GMA News