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While the bank allows intermediaries to freely trade any market they want it does not tolerate scams, price manipulation or money laundering schemes. There are some local fx brokerages who are listed by Sec. Is the Company Regulated? Choosing a Philippine SEC-regulated broker is definitely a step in the right direction, leaving you to concentrate on your trades and hopefully make some money. The earnings can also be deposited in the Philippines or abroad. The SEC can approach the court for problem resolution and can also issue subpoenas, summon witnesses, and initiate search and seizure of all evidence that can help in their investigation into the alleged misconduct by an individual or a regulated company situated in the country.

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