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1
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SEC ADMINISTRATIVE PROCEEDING
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EXTRACTED KEY WORDS
SECURITIES VANDER TUIG LEFERE SECURITIES ACT COMMISSION PROCEEDING STOCK PURSUANT FASTLANE FOOTWEAR RESPONDENTS SALE SHARES VIOLATION FINDINGS SETTLEMENT BULLETIN BOARD SOLD FUTURE VIOLATION NOMINEES MATTER JOHN MICHIGAN LICENSING COMMITTING CAUSING PARTY JACKSON BROKER-DEALERS HAGERTY |
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES ACT OF 1933
Release No. 7729 / August 30, 1999
ADMINISTRATIVE PROCEEDING
File No. 3-9950
In the Matter of
FASTLANE FOOTWEAR, INC. and JOHN H. LEFERE,
Respondents.
ORDER MAKING FINDINGS
AND IMPOSING A
CEASE-AND-DESIST ORDER
I.
In this proceeding ordered pursuant to Section 8A of the Securities
Act of 1933 ("Securities Act"), Respondents Fastlane Footwear, Inc.
("Fastlane") and John H. Lefere ("Lefere") have submitted Offers of
Settlement ("Offers") which the Commission has determined to
accept.Solely for the purpose of this proceeding and any other
proceeding brought by or on behalf of the Commission or in which the
Commission is a party, and without admitting or denying the
Commission's findings contained herein, except as to jurisdiction of
the Commission over them and over the subject matter of this
proceeding, Respondents Fastlane and Lefere by their Offers consent to
the entry of the findings set forth below.
II.
On the basis of this Order, the Order Instituting Cease-and-Desist
Proceeding and the Offers of Settlement submitted by Fastlane and
Lefere, the Commission finds that
A. RESPONDENTS
1. Fastlane Footwear, Inc. ("Fastlane") is a Michigan corporation
located in Jackson, Michigan that designs, manufactures, and markets
licensed casual footwear. Fastlane has licensing agreements with
several major corporations, universities, and motor sports sanctioning
bodies. Fastlane is not a reporting company and its stock is not
registered with the Commission. Fastlane's stock has been quoted on
the NASD's Over-the-Counter Bulletin Board since June 26, 1996.
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