True or False: SEC Regulations

The Securities and Exchange Commission (SEC) is responsible for regulating only private investments.

• True

• False

Emilio Benito Aquino was the first CPA-Lawyer appointed as Chairperson and CEO of the SEC.

• True

• False

The Chairperson of the SEC must be at least 30 years old.

• True

• False

The SEC is composed of a Chairperson and five Commissioners.

• True

• False

Republic Act 8799, also known as the Securities Regulation Code, governs the issuance and regulation of securities in the Philippines.

• True

• False

The term of an SEC Chairperson and Commissioner is five years.

• True

• False

The SEC has the power to issue cease and desist orders against fraudulent activities.

• True

• False

The Philippine Stock Exchange (PSE) is directly controlled by the Bangko Sentral ng Pilipinas (BSP).

• True

• False

An Initial Public Offering (IPO) is when a private company sells its shares to the public for the first time.

• True

• False

The primary market is where previously issued securities are traded.

• True

• False