THE Securities Exchange Commission (SEC) is seeking amendments to the Securities Regulation Code (SrC) and among its proposed revisions is for the corporate regulator to be granted the power to look into bank deposits during investigations of securities fraud cases.

SEC Chairperson Teresita Herbosa told reporters last week that the SEC has already sent a proposal to Congress to amend the SRC and she hopes it would done before the term of President Benigno Aquino 3rd ends next year.

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