Hey t2t2, think the Cease and Desist order will show in the upcoming SVTE financials in the legal notes. I didn't notice Bob including it into the last Q. Sweeping it under the old rug? Maybe he forgot? Rigghht. Seems like it's about time for the old codger to do another sham interview to pump his stock. Maybe that'll get and/or keep SVTE out of the sub-0001 pit?
Cease and Desist Order #2016660 re Robert Cashman, SVTE:
In connection with the events above, Respondent Cashman transacted business in this State as an unregistered agent in violation of S.C. Code Ann. § 35-1 -402(a). In connection with the events above, Respondent Service Team employed or associated with an unregistered agent in violation of S.C. Code Ann. § 35-l-402(d). In connection with the events above, the Respondents (1) employed a device, scheme, or artifice to defraud; (2) made one or more untrue statements of material fact or omitted to state a material fact necessary in order to make the statements made, in light of the circumstances under which they were made, not misleading; and (3) engaged in acts, practices, or courses of business that operated as a fraud or deceit upon the Investor, in violation of S.C. Code Ann. § 35-1-501. It is in the public interest, for the protection of investors, and consistent with the purposes of the Act that the Respondents be ordered to cease and desist from engaging in the above-enumerated practices, which constitute violations of the Act, and pay an Page 8 of 13 appropriate civil penalty for their wrongdoing.
Respondent Service Team, Inc. and every successor, affiliate, control person, agent, servant, and employee of Service Team, Inc. and every entity owned, operated, or indirectly or directly controlled by or on behalf of Service Team, Inc. CEASE AND DESIST from transacting business in this State in violation ofthe Act; Respondent Robert L. Cashman CEASE AND DESIST from transacting business in this State in violation of the Act;
Respondent Service Team, Inc. and every successor, affiliate, control person, agent, servant, and employee of Service Team, Inc. and every entity owned, operated, or indirectly or directly controlled by or on behalf of Service Team, Inc. are PERMANENTLY BARRED from participating in any aspect of the securities industry Respondent Robert L. Cashman is PERMANENTLY BARRED from participating in any securities industry
Respondent Service Team, Inc. pay a civil penalty in the amount of thirty thousand dollars ($30,000); Respondent Robert L. Cashman pay a civil penalty in the amount of thirty thousand dollars ($30,000)
Service: STATE OF SOUTH CAROLINA OFFICE OF THE ATTORNEY GENERAL SECURITIES DIV. CERTIFICATE OF SERVICE AND AFFIDAVIT OF COMPLIANCE File Number 20 166600 I hereby certify that I served upon the individual/entity listed below a copy of the document indicated below and dated May 7, 2018, by serving a copy of said document upon the Securities Commissioner of the State of South Carolina and by placing a copy of said document in the United States mail, certified mail, return receipt requested, first class postage prepaid and addressed to: Service Team, Inc. 18482 Park Villa Place Villa Park, California 92861 Document(s): Order to Cease and Desist Mailed May 7. 2018 from Columbia, South Carolina. I further hereby certify, swear and affirm that, service of the above-listed entity is in compliance with Sec. 35-1-611, Code of Laws of South Carolina. By: Wanda Eaiy South Carolina Attorney General's Office Securities Division Post Office Box 11549 Columbia, SC 29211-1549 (803) 734-4731
Nothing I say, post, or do should ever be considered financial advice. It is just my personal opinion. I may be holding a long, short or no position. I am NOT or NEVER have been compensated to post on here and my posts are for entertainment purposes only.
