Rules of procedure & other issuances : Securities and Exchange Commission / Compiled by the Editorial Staff [of] Office of the National Administrative Register, University of the Philippines Law Center Flordeliza C. Vargas-Trinidad, editor.

The Securities and Exchange Commission (SEC) was established on 26 October 1936 by virtue of Commonwealth Act No. 83 or the Securities Act. Its establishment was prompted by the need to safeguard public interest in view of local stock market boom at that time. Operations began on 11 November 1936 under the leadership of Commissioner Ricardo Nepomuceno. Its major functions included registration of securities, analysis of every registered security, evaluation of the financial condition and operations of applicants for security issue, screening of applications for broker's or dealer's license and supervision of stock and bond brokers as well as the stock exchanges. The agency was abolished during the Japanese occupation and was replaced with the Philippine Executive Commission. It was reactivated in 1947 with the restoration of the Commonwealth Government. Due to the changes in the business environment under Pres. Ferdinand Marcos, the agency was reorganized on 29 September 1975 as a collegial body with three (3) commissioners and was given quasi-judicial powers under Presidential Decree No. 902-A. --Preface of the book.