POWERS AND FUNCTIONS OF THE SEC (SEC 5):
1. Have jurisdiction and supervision over all entities who are the grantees of primary
franchises and/or a license or permit issued by the Government;
2. Formulate, amend, or repeal policies and recommendations concerning the securities
market; advise Congress and other government agencies and propose legislation and amendments;
3. Handle registration statements, and registration and licensing applications;
4. Supervise, monitor, suspend or take over the activities of exchanges, clearing agencies
and other SROs;
5. Impose sanctions for the violation of laws and IRR;
6. Deputize any and all enforcement agencies of the Government, civil or military as well as
any private institutions,
7. Issue cease and desist orders to prevent fraud or injury to the investing public;
8. Punish for contempt, both direct and indirect;
9. Compel the officers of any registered corporation or association to call meetings of
stockholders or members;
10. Issue subpoena duces tecum and summon witnesses to appear in any proceedings, order the examination, search and seizure of all documents,
11. Suspend, or revoke, after proper notice and hearing, the franchise or certificate of
registration of corporations, partnerships or associations;
NOTE: However, the SEC’s jurisdiction over all cases enumerated under Section 5 of PD No.
902-A (intra-corporate disputes) has been transferred to the courts of general jurisdiction or the appropriate Regional Trial Court
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