Auscrete told to cease and desist

 

January 9, 2019



Auscrete Corporation, which has paid $100,000 to the City of Goldendale for space in its industrial park, has been issued an order to cease and desist its filing procedures by the Securities Exchange Commission (SEC), this even before the company issued a press release last month indicating its projected growth.

The SEC legal case, dated Dec. 11, 2018, opens, “The Securities and Exchange Commission (“Commission”) deems it appropriate that cease-and-desist proceedings be, and hereby are, instituted pursuant to Section 21C of the Securities Exchange Act of 1934 (“Exchange Act”), against Auscrete Corporation (“Auscrete,” “Respondent” or the “Company”).

The case took Aus...



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