The Colorado Securities Commission suspended the license of Bottom Line Results, a Woodland Park-based securities and mortgage brokerage firm.
Richard Roop, president of the company, also received a suspended license, according to Fred Joseph, securities commissioner.
The order was based on a summary suspension action initiated by the division staff in May. The staff says Roop willfully failed to comply with request for documents and information about individuals who have invested in the company. The division can examine license
The division staff alleged that despite numerous contacts and attempted communications with Roop, none of the requested information or documentation was provided by the date the petition was filed with the Commissioner.
A fact-finding hearing on the Division staff’s petition was held before the Colorado Securities Board on June 4, 2012, which resulted in the Board issuing an initial decision recommending suspension of Bottom Line and Roop’s licenses.
The Division’s investigation of Bottom Line Results is on-going.
A copy of the Final Order can be found here.