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SEC wins $829,841 (U.S.) decision against Roe

2022-10-21 20:29 ET - Street Wire

Also Street Wire (U-SSTU) Sandy Steele Unlimited Inc

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by Mike Caswell

The U.S. Securities and Exchange Commission has won an $829,841 judgment against Vancouver's Doug Roe, one of those accused of participating in the misleading promotion of Sandy Steele Unlimited Inc., a supposed maker of face masks. (All figures are in U.S. dollars.) The SEC said that Mr. Roe, a repeat violator, knowingly defrauded investors and violated a prior penny stock ban. Among other things, he participated in the issuance of millions of tradable shares in Sandy Steele based on a fake cheque, the SEC claimed.

The penalty for Mr. Roe is contained in a judgment handed down in federal court in Boston on Thursday, Oct. 20. The $829,841 includes disgorgement of $548,435 in gains, plus interest, and a $248,435 fine. On top of that, the judge has imposed an $845,974 judgment against a private entity that Mr. Roe controls called Atlantean Management Corp., with Atlantean to disgorge $514,502 in gains, plus interest (jointly with Mr. Roe), and pay a $300,000 fine.

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otc and nasdaq need to be shut down. New York city stock scam capital of the world

Posted by ah at 2022-10-23 18:07

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