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For Senate President Francis Escudero, there is no need to revisit the law on securities amid the recent cases against celebrity endorsers of an aesthetic company."Personally, wala ako nakikitang pangangailangan," Escudero said during the Kapihan sa Senado when asked if there is a need to revisit the law on securities."Para sa akin sapat yung batas. Ihiwalay mo ang ordinaryong endorser sa endorser na partner pa.
Senate Bill 2889 was introduced amid the detention of actress Nerizza "Neri" Naig-Miranda and the issuance of a warrant of arrest against comedian Rufa Mae Quinto over their affiliation with Dermacare, the company which was flagged by the government for the alleged unauthorized solicitation of investments and sale of securities.Despite his position, Escudero said that he is open to study the proposals of any members of Congress.
Neri Naig Miranda Rufa Mae Quinto Securities Laws Celebrity Endorsements Robin Padilla Senate Bill 2889
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