Creating an Investor Protection Task Force
Administrative Order No. 185, issued on July 24, 2007, establishes the Investors Protection Task Force (IPTF) to oversee and monitor investment schemes, particularly those targeting the general public and Overseas Filipino Workers. The IPTF is led by the Department of Finance and includes members from various government agencies such as the Securities and Exchange Commission and the National Bureau of Investigation. Its key responsibilities include monitoring investment products, issuing public warnings about dubious schemes, recommending prosecutions to the Department of Justice, and suggesting legislation for enhanced investor protection. The order emphasizes the importance of maintaining a separation between investigators and prosecutors to uphold the integrity of the investigative process.
Law Information
- Reference Number
- Administrative Order No. 185
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Administrative Orders
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
July 24, 2007
ADMINISTRATIVE ORDER NO. 185
CREATING AN INVESTOR PROTECTION TASK FORCE
SECTION 1. There is hereby created an Investors Protection Task Force (IPTF) to monitor investment schemes, including real estate projects, especially those marketed to the public and Overseas Filipino Workers.
SECTION 2. The IPTF shall be headed by the Department of Finance, with the following as members:
Securities and Exchange Commission
Department of Trade and Industry
National Bureau of Investigation
Department of Labor and Employment
House and Land Use Regulatory Board
SECTION 3. The IPTF shall consult with the Department of Justice (DOJ). However, prosecutors must keep the standard distance from investigators.
SECTION 4. The IPTF shall undertake the following activities:
1. Monitor investment schemes and products;
2. Give public warnings on questionable schemes and products;
3. File evidence and recommend prosecution to the DOJ; and
4. Recommend appropriate legislation and regulations for investor protection. aDcETC
DONE in City of Manila, on the 24th day of July, in the Year of Our Lord, Two Thousand and Seven.
Cite This Law
Creating an Investor Protection Task Force, Administrative Order No. 185, Jul 24, 2007 (Philippines)
Creating an Investor Protection Task Force, Administrative Order No. 185 (Phil. 2007)
Related Laws
- Creating a Task Force Against Political ViolenceAdministrative Order No. 211 • Nov 26, 2007 • Presidential Issuances
- Creating Task Force SugarlandiaMemorandum Order No. 199 • Dec 5, 2005 • Presidential Issuances
- Creating a Special Task Force to Address Human Trafficking ProblemsExecutive Order No. 406 • Feb 8, 2005 • Presidential Issuances
- Creating an Inter-Agency Task Force on Zero HungerExecutive Order No. 101 • Jan 10, 2020 • Presidential Issuances
- Creating the Drug Couriers Task ForceAdministrative Order No. 279 • Feb 8, 2010 • Presidential Issuances
- Creation of an ASEAN Charter Task ForceAdministrative Order No. 229 • Jun 18, 2008 • Presidential Issuances
Browse More Presidential Issuances
Explore other laws in the Presidential Issuances category.
View All Presidential IssuancesNeed Help Understanding This Law?
Ask our AI assistant to explain provisions, implications, or related laws.
Ask AI About This Law