PEP Coalition

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Roxas wants SEC chief out

abs-cbnNEWS.com | 02/04/2009 5:08 PM

Senator Mar Roxas on Wednesday called for the resignation of Securities and Exchange Commission (SEC) Chairman Fe Barin.

Roxas blamed the SEC for the financial woes of some pre-need firms, which informed the agency of their problems as early as 2007.

Lawmakers have criticized the SEC, which is tasked to regulate pre-need firms, for failing to do its job.

In Monday’s Senate inquiry, Barin defended the SEC saying they didn’t have enough staff to monitor all pre-need firms.

Roxas said that if Barin won’t resign, President Arroyo should sack her. — report from ANC

as of 02/04/2009 5:08 PM

February 4, 2009 - Posted by | Philippine Newspapers/Web News | , ,

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