Last Oct. 9, both agencies signed a memorandum of agreement to incorporate SEC’s financial education resources into the school curriculum. DepEd will develop learning materials and make financial literacy a key competency for students.
“Currently, the SEC administers webinars covering a wide range of financial topics, from becoming an agent in the capital market to managing finances and identifying investment scams,” SEC Chair Emilio B. Aquino said in a statement.
“However, we know we can do more, and our ultimate goal is to embed financial literacy deeply in our society, starting with the youth. If we want a bountiful harvest, we must first plant and nurture the seeds; and for this, we seek the assistance of the DepEd,” he added.
The SEC will train teachers to identify and report illegal investment schemes and provide them with tools to teach financial literacy. The initiative also includes sharing data on blacklisted entities to protect teachers and students from scams.
