Securities and Exchange Commission(SEC)

October 11, 2021 Dear John Vandam GUTIB, Greetings! Thank you for your request dated Oct 08, 2021 09:33:27 AM under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch. Your Request You asked for Harrasment from Pesoq. Too high interest. Response to Request Please take note that the Commission is already taking the necessary actions against complaints filed against companies that are under its regulatory supervision. In your FOI request, it shows that it involves the issue regarding the Company’s high interest rates and high penalty charges. Please take note that the Commission does not have the authority to resolve the issues raised in your FOI request which could be the subject of a civil action before the regular courts. Thus, we urge you to seek the aid of a lawyer so that the facts and circumstances of your case may be reviewed and that you may be advised of the remedies available to you. For more information, refer to this link: http://www.sec.gov.ph/lending-companies-and-financing-companies/complaints/ Your right to request a review   If you are unhappy with this response to your FOI request, you may ask us to carry out an internal review of the response by writing to Commission Secretary at [email protected]. Your review request should explain why you are dissatisfied with this response, and should be made within 15 calendar days from the date when you received this letter. We will complete the review and tell you the result within 30 calendar days from the date when we receive your review request.   If you are not satisfied with the result of the review, you then have the right to appeal to the Office of the President under Administrative Order No. 22 (s. 2011).   Thank you. Respectfully, Atty. Rachel Esther Gumtang- Remalante FOI Receiving Officer