MANILA -- The Securities and Exchange Commission (SEC) is set to teach more Filipino teachers about identifying investment scams.

In a statement, the SEC said it signed a memorandum of agreement (MOA) with the Department of Education (DepEd) educate teachers on how to identify, avoid, and report illegal investment schemes to stop them from investing their hard-earned money into scams.

The SEC also said the MOA would include the commission's smart financing and investment education resources into the Philippine educational curriculum.

For its part, DepEd will translate the resources provided by the SEC into learning materials to be used in the classroom setting.

The SEC also said it was also pushing for the approval of the Capital Market Development Act, which would provide legislative basis for the inclusion of the SEC learning materials in the curriculum.

“Ultimately, we want to equip our students and teachers with the knowledge and skills to save, manage, and invest effectively," said SEC Chairpersom Emilio Aquino. 

"A more financially literate public will be better positioned to build a secure future while avoiding the financial pitfalls and scams that have become increasingly prevalent,” he said.

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