SEC defendant Roe negotiating settlement
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by Mike Caswell
Vancouver's Douglas Roe looks to be making a serious effort to settle civil charges that he faces from the U.S. Securities and Exchange Commission over a purported eco-tourism listing. He has asked the judge more than once to grant him extra time to respond to the case so that he may continue settlement talks with the SEC. So far, the judge has granted those requests and the SEC has not opposed them.
The SEC cited Mr. Roe for an attempt to list a company called Blue Mountain Eco Tours Inc. The regulator said that he tried to have the stock registered in the United States while hiding his role with the company. According to the SEC, he had a Jamaican man serve as a figurehead.
| Doug Roe |
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