"1Riders Power Team, Inc."
SEC Advisory • Securities and Exchange Commission • Advisories • May 16, 2013
Full text
May 16, 2013 SEC ADVISORY "1RIDERS POWER TEAM, INC." For the information of the public, 1RIDERS POWER TEAM, INC. is a stock corporation registered with the Securities and Exchange Commission authorized to engage in the business of retail or wholesale trade of general commodities including but not limited to electronic and consumer products and marketing and consultancy services in relation to trade and business. It has not been issued a secondary license to act as broker-dealer in securities, dealer in government securities, investment company adviser, mutual fund distributor, investment and underwriter of securities. Neither did the corporation file or has any pending application with the Commission for the requisite license. Hence, it is NOT AUTHORIZED to offer securities to the public or to engage in investment taking activities. Neither its salespersons, agents or representatives are licensed to offer said securities. The public is WARNED of the reported multi-level marketing scheme activities of persons or groups acting for 1RIDERS POWER TEAM, INC. by offering products like coffee, toothpaste, soap, juice, lubricant oil for vehicles. Per Food and Drug Administration certification dated 13 n 2012, 1RIDERS has no license to operate either as Food or Cosmetic Distributor and its products are not registered with the said Administration. Be EXTRA CAUTIOUS in investing. Remember, always check the licenses of the company. Without the necessary licenses they are prohibited from engaging in businesses requiring permits to operate or sell from concerned government agencies. For more details, you may inquire from the Corporation Finance Department of the SEC with telephone numbers 584-61-03 or 584-59-50 or the Enforcement and Prosecution Department of the SEC at telephone number 584-71-87. n Note from the Publisher: Copied verbatim from the official document.
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