See Securities and Exchange Commission
for other similarly named organizations
in other countries
The Securities and Exchange Commission
is the agency of the Government of the
Philippines responsible for regulating
the securities industry in the
Philippines. The SEC is an agency within
the Office of the President of the
Philippines.
The SEC is currently headquartered in
Mandaluyong City, Metro Manila.
History 
The SEC was created by Congress of the
Philippines in 1936 as part of the
Securities Act. This occurred just two
years after the United States Congress
created the United States Securities and
Exchange Commission. The first
commissioner of the SEC was Ricardo
Nepomuceno. The SEC was not in operation
during the Japanese occupation of the
Philippines, but was restored in 1947.
Composition 
Since 1981, the SEC has five
commissioners. The current commissioners
are:
Teresita J. Herbosa
Manuel B. Gaite
Antonieta F. Ibe
Ephyro Luis B. Amatong
Blas James G. Viterbo
Past commissioners included:
Manuel G. Abello
Perfecto R. Yasay, Jr.
Fe Barin
Lilia R. Bautista
Jesus E. Martinez
Raul Palabrica
Thaddeus Venturanza
Juanita Elegir-Cueto
Eladio Jala
The SEC has two principal departments:
prosecution and enforcement and
supervision and monitoring.
Functions 
Its major functions include registration
of securities, analysis of every
registered security, and the evaluation
of the financial condition and
operations of applicants for security
issue.
The functions of the SEC are defined in
Section 5 of the Securities Regulation
Code, and include the following major
areas:
Supervision over all registered business
entities in the country, including
suspensions and revocations of their
registrations
Policymaking with regard to the market
in securities
Control over and approval of security
registration statements
Power to investigate violations of
securities laws and to impose sanctions
for such violations
Power to issue subpoenas, punish for
contempt, and issue cease and desist
orders in furtherance of its law
enforcement mission
See also 
List of financial regulatory authorities
by country
List of company registers
References 
External links 
Official web site
SEC Citizen's Manual
Securities Regulation Code
