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DragonFi first SEC-accredited PERA administrator
The Philippine Star
|January 10, 2025
DragonFi Securities Inc., the stock brokerage arm of Edgar "Injap" Sia's DoubleDragon Corp., has become the first Personal Equity and Retirement Accounts (PERA) administrator accredited by the Securities and Exchange Commission (SEC).
The SEC said that its commission en banc has resolved to render effective the application of DragonFi Securities as PERA administrator, subject to the company's compliance with certain remaining requirements.
"This approval is a significant step toward empowering Filipinos to secure their financial future while easing fiscal pressures on the government in the long run," SEC chairperson Emilio Aquino said.
The SEC's approval of the first PERA administrator under its regulation is in accordance with the commission's Memorandum Circular (MC) 14 issued last year.
This story is from the January 10, 2025 edition of The Philippine Star.
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