The SEC was established on 26 Oct 1936 by virtue of the Commonwealth Act No. 83 or the Securities Act. Its establishment was prompted by the need to safeguard public interest in view of local stock market boom at that time. Operations began on 11 Nov 1936 under the leadership of Commissioner Ricardo Nepomuceno. Its major functions included registration of securities, analysis of every registered security, evaluation of the financial condition and operations of applicants for security issue, screening of applications for broker’s or dealer’s license and supervision of stock and bond brokers as well as the stock exchanges. The agency was abolished during the Japanese occupation and was replaced with the Philippine Executive Commission. It was reactivated in 1947 With the restoration of the Commonwealth Government. Due to the changes in the business environment under Pres. Ferdinand Marcos, the agency was reorganized on 29 Sept 1975 as a collegial body with 3 commissioners and was given quasi-judicial powers under PD902-A.
In 1981, the Commission was expanded to include two (2) additional commissioners and two (2) departments, one for prosecution and enforcement and the other for supervision and monitoring. Then on 01 December 2000, the SEC was reorganized as mandated by R. A. 8799 also known as the Securities Regulation Code.
Visit the SEC Website at: http://www.sec.gov.ph/
Expanded water project would cheap wholesale michael kors benefit intersection Sheetz is coming to Thomasville. Thomasville City Council on Monday night will consider a cost sharing agreement with Sheetz Inc. Highway 109. The city and the company will split construction costs on a fire flow expansion project at the site. "We have a need for additional fire flow there," City Manager Kelly Craver said. "There needs to be 1,500 gallons per minute at their site due to the presence of gas pumps." Having already identified a need for increasing the pipe size in the area before the Sheetz request, Craver said the agreement is an opportunity to address several issues with one project. The fire flow to the site, Craver said, is low and requires a larger pipe. Rather cheap michael kors than expand the pipe for Sheetz only, the city will share the costs and assist the entire area at the intersection of Liberty Drive and Highway cheap michael kors handbags 109. "It a win win," said Craver. "We could increase the pipe size just to their site at their costs, but we really realized that if we go ahead and loop the system, adding just a little more pipe, it would help all cheap michael kors the customers in that area and help us in the future if we had any more customers wanting cheap wholesale michael kors to locate in that corridor." Sheetz will pay slightly more than half of the construction costs for the project, not discount michael kors to exceed $55,000. The store is expected to open some time next summer. "Instead of them hiring a contractor to do their part and fake michael kors us hiring a contractor to do our part and get everything Christian Louboutin Online coordinated, the best thing we could do cheap michael kors is agree on what the city responsibility is and what would be Sheetz responsibility and do it al in one project," Craver said. "It will be more cost effective to do it that way." Craver said Sheetz also is exploring the idea of adding another Chair City location on National Highway. Sheetz will be clearing the site and constructing a new building across from cheap gucci shoes Brandyberry Associates.Articles Connexes：