September 22, 2017
SEC ADMIN. CASE NO. 02-11-128
IN THE MATTER OF EXPRESS MOTORS MKTG. & SERVICES, INC.
ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT, petitioner.
FOR : Revocation of Corporate Registration
DECISION
Before us is a Petition (For Revocation of Corporate Registration) dated 8 February 2011 filed by the Enforcement and Prosecution Department (EPD, for brevity) against EXPRESS MOTORS MKTG. & SERVICES, INC. (Express Motors, for brevity).
Petitioner EPD is a department of the SEC which is duty bound to file petitions for revocation of Certificate of Registration of corporations found to have violated the Corporation Code, the Securities Regulation Code, Presidential Decree 902-A, as amended, including their implementing rules and regulations, and such other laws enforced by the SEC. 1
On the other hand, Respondent Express Motors is a stock corporation duly incorporated on 18 October 2006 under SEC Company Registration No. CS200616275. 2 Its primary purpose is "to engage in the business of trading Korean Van, car accessories and other related products on wholesale basis." 3
In an investigation conducted by the Complaints and Investigation Division of the EDP last...
