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Republic of the Philippines 
HOUSE OF REPRESENTATIVES 
Quezon City 
Nineteenth Congress 
First Regular Session 
House Bill No. __________ 
__________________________________________________________________________ 
Introduced by Representative JOEY SARTE SALCEDA 
__________________________________________________________________________ 
AN ACT 
ESTABLISHING A PHILIPPINE REGISTRY PORTAL OF 
SEC-REGISTERED SECURITIES AND FOR OTHER PURPOSES 
EXPLANATORY NOTE 
Investment scams are a dime a dozen. Ever since Charles Ponzi contrived this scheme 
in the 1920s, a lot of enterprising, albeit unscrupulous, individuals have adopted the same or 
similar stratagem to dupe people of their hard-earned money. Appealing mostly on investor’s 
greed and allure of easy money, these criminals are able to rake in enormous amounts of money 
from unsuspecting investors. With some variants, the principle is based on the promise of high 
rates of return with little risk to investors. With the advent of the internet and other social media 
platforms, recruitment of new victims has become much easier and the dissemination of the 
fraud faster. More often than not government agencies are slow to react and put a stop to these 
scams. If ever they are forced to do so, hundreds, if not thousands have already been victimized 
and the amounts involved have become staggering, often have assumed mind-boggling 
proportions. Because people are slow to learn about the insidious character of these scams, the 
deleterious effects on the financial condition of the investors and their families can be 
disastrous, contributing much to the poverty of the people. 
Financial scam issues are always in headlines and are never new to our collective 
consciousness. The incident keeps on recurring, years and years, and has victimized hundreds 
of people. But despite a series of issuances and advisories given by many government agencies 
to the public to avoid these schemes still many fall prey to unscrupulous individuals. 
This proposed bill mandates the Securities and Exchange Commission to establish and 
maintain a Philippine Registry of SEC-Registered Securities to afford full protection to every 
citizen, providing accessible and available information that will guide and protect the public 
from fraud and scams. 
With one click, one button away, a potential buyer can easily verify whether the 
security being transacted is registered with the SEC. Thus, this law is short-named as SCAM 
FINDER ACT. Although nothing can guarantee that there will be no more scam victims, every 
ordinary citizen is afforded a first pass – is the security duly registered with the SEC? 
July 1, 2022 
8:00 am
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With the accessibility and continuous availability of this portal, it is an important step   
for protection of the public against investment scams and assist the public to navigate better 
the financial landscape and avoid its pitfalls so that he or she knows how to spend resources in 
a judicious manner, to save, when and where to invest and when to contract debt and how to 
manage it in order to avoid financial trouble.   
In view of the foregoing, the passage of this bill is earnestly sought 
JOEY SARTE SALCEDA 


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Republic of the Philippines 
HOUSE OF REPRESENTATIVES 
Quezon City 
Nineteenth Congress 
First Regular Session 
House Bill No. __________ 
__________________________________________________________________________ 
Introduced by Representative JOEY SARTE SALCEDA 
__________________________________________________________________________ 
AN ACT 
ESTABLISHING A PHILIPPINE REGISTRY PORTAL OF 
SEC-REGISTERED SECURITIES AND FOR OTHER PURPOSES 
Be it enacted by the Senate and House of Representatives of the Philippines in Congress 
assembled: 
SECTION 1. Short Title. – This Act shall be known as the “Scam Finder Act”. 
SEC. 2. Declaration of Policy. – 
(a) It is the avowed policy of the State to afford full protection to its citizens;
(b) Cognizant that an informed and knowledgeable citizenry will translate into a
protected and responsive nation, the State shall provide accessible and available information 
to guide and protect the public against fraudulent schemes and other harmful investment 
devices; and 
(c) To this end, the State shall institute procedures and data protocols to ensure that the
public has full and complete information on removed or delisted securities including matters 
relative thereto that the public has the right to know. 
SEC. 3. Establishment of Philippine Registry Portal of SEC-registered Securities. – 
Pursuant to its powers, functions and jurisdictions, the Security and Exchange Commission 
(“SEC”) shall establish the Philippine Registry of SEC-registered Securities as an online portal 
of all securities such as debt instruments including promissory notes, equities, collective 
investment schemes including mutual funds, and derivatives and the like that are registered 
with the agency and licensed to be sold to the public; 
All securities whether scripless or on paper approved by the SEC shall be electronically 
automatically and simultaneously in the Philippine Registry Portal of SEC-registered 
Securities. The SEC shall also institute procedures and data protocols for removal at the earliest 
of delisted securities, including a specific field for the annotation in the securities, the adverse 
decisions and information of the Commission. 
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SEC. 4. Role of Government Agencies. – The SEC shall be the lead agency to 
implement this Act and is tasked to formulate procedures and management programs to ensure 
the integrity of the database, its regular maintenance, and real-time updating of the registry, 
and the accessibility of the record to the public for the immediate verification of the records of 
the securities. 
 
The Department of Information and Communications Technology (DICT) and the 
National Privacy Commission shall provide technical support to the SEC as necessary. 
 
SEC. 5. Mandatory Verification. – All citizens are enjoined to verify the name or names 
of such security with the SEC portal of registered securities before transacting them. 
 
SEC. 6. Implementing Rules and Regulations. – Within ninety (90) days from the 
approval of this Act, the SEC shall promulgate the necessary rules and regulations for the 
effective implementation of this Act. 
 
SEC. 7. Repealing Clause. – All laws, decrees, executive orders and proclamations, 
rules and regulations or parts thereof inconsistent with this Act, are hereby amended or 
modified accordingly. 
 
SEC. 8. Separability Clause. – If any provision of this Act is held invalid or 
unconstitutional, the remaining parts or provisions not affected shall remain in full force and 
effect. 
 
SEC. 9. Effectivity. – This Act shall take effect fifteen (15) days after its publication in 
the Official Gazette or in a newspaper of general circulation. 
 
Approved,