Which government agency is responsible for regulating private corporations?

The Securities and Exchange Commission (SEC) is the agency designated to regulate private corporations. Its primary role involves overseeing the incorporation, operation, and governance of corporations in the country, ensuring that they comply with the relevant laws and regulations outlined in the Revised Corporation Code. The SEC is responsible for the registration of corporations, monitoring securities transactions, and protecting investor interests, which are crucial for maintaining a fair and accountable business environment.

In contrast, the Department of Trade and Industry focuses more broadly on promoting trade and industry development rather than specifically regulating corporations. Local Government Units have jurisdiction over local businesses, but their powers do not extend to the overall regulation of corporate entities. The National Economic Development Authority mainly handles economic planning and policy direction rather than direct regulation of private corporations. Thus, the SEC stands out as the authoritative body tasked with ensuring that private corporations operate within the legal framework.