Here are some stock market investing reminders from the Philippine Stock Exchange
Pick a legitimate stockbroker
Open an account only with a PSE-accredited stock brokerage company or Trading Participant. A complete list of information about all the TPs who are authorized and qualified to trade securities can be found on the PSE website ( www.pse.com.ph ).
Submit requirements to accredited stockbroker.
Submit the completed Customer Account Information Form and other required identification papers only to the stock brokerage firm or its licensed representative.
Be wary of agents’ misleading claims on returns on investments.
Report immediately agents or traders who make exaggerated, unwarranted and misleading claims related to returns on investments. Under the law, brokers are prohibited from making assurances of specific results for which there is no reasonable basis.
Be sure to transact directly with a stock brokerage firm or its licensed representative. When in doubt, you can always verify the agent or trader’s affiliation through the stock brokerage firm or request assistance from the PSE.
Pay directly to the stock brokerage firm.
In issuing check payment for any completed transaction, make it payable under the stock brokerage company’s name. Similarly, remit cash payments directly to the stock brokerage firm. Payments for stock transactions as well as other services must be covered by corresponding Official Receipts issued by the stock brokerage firm. Investors should check their securities and cash positions as indicated in the monthly statements sent by the brokerage firm and to immediately alert the stock brokerage firm if there appears to be a discrepancy.
Be informed and stay updated
Know your rights as an investor, and stay updated on the latest stock market news. Do not invest or trade based on rumors, inside information and other unreliable information. Investor information is accessible through the PSE website and the PSE EDGE or from your accredited stock broker.
For more information or stock market investing, please call 819-4100 or visit www.pse.com.ph
*2015 Implementing Rules and Regulations of the Securities Regulations Code, Rule 24.1(d) – Manipulation of Security Prices – Advertisements and Communications with the Public, False and Misleading Statements.
Deal only with licensed agents and traders.
You can attend the TrulyRichClub Quick Start Implementation seminar on Monday evenings at the Philippine Stock Exchange center.
You can also get have financial and spiritual abundance, and learn about the stock market by joining the TrulyRichClub.
You can watch Bo Sanchez tell you about the stock market, or download Bo Sanchez’ FREE eBook “My Maid Invests in the stock Market” here.