Butuan SEC office closed pending probe of director

THE Securities and Exchange Commission (SEC) has reaffirmed its zero-tolerance policy against corruption following the filing of charges against the director of its Butuan extension office, who was earlier arrested in a National Bureau of Investigation (NBI) entrapment operation. In a statement issued late Thursday, the SEC confirmed the NBI’s report identifying Jason C. Tan as the official arrested in connection with an alleged extortion attempt involving a private corporation. The commis