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Oil & Gas Investment

San Antonio Oil & Gas Promoter Shut Down by Texas State Securities Board

San Antonio Oil & Gas Promoter Shut Down by Texas State Securities Board 150 150 Rex Securities Law

June 23, 2015-Austin, Texas John Morgan, Texas Securities Commissioner, entered a Cease and Desist Order against Petro-San Resources LLC and Sean Patrick Riley of San Antonio, Texas, alleging that they…

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SEC Charges Southlake Texas Oil and Gas Exploration Company, CEO and Promoter with Investment Fraud

SEC Charges Southlake Texas Oil and Gas Exploration Company, CEO and Promoter with Investment Fraud 150 150 Rex Securities Law

June 18, 2015 The Securities and Exchange Commission (SEC) filed an action charging Norstra Energy, based in Southlake, Texas and its CEO Glen Landry with defrauding investors about reserve estimates…

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Losses on Cushing Royalty & Income Fund ??

Losses on Cushing Royalty & Income Fund ?? 150 150 Rex Securities Law

June 15,2015, Cushing & Royalty Income Fund (SRF) which traded at $25 in February 2012 currently trades at less than $5. It is a leveraged fund which invests in oil…

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Round Rock Texas Man Indicted–Oil/Gas Ponzi Scheme

Round Rock Texas Man Indicted–Oil/Gas Ponzi Scheme 150 150 Rex Securities Law

June 3, 2015-Austin, Texas WIlliam Allen Risinger, of Round Rock, Texas,  was indicted May 19, 2015 on allegations that between 2010-2014 , through his company RHM Exploration, he promoted and sold…

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Alfaro’s San Antonio Based Company Primera Energy Files for Bankruptcy Protection

Alfaro’s San Antonio Based Company Primera Energy Files for Bankruptcy Protection 150 150 Rex Securities Law

June 8, 2015-San Antonio, Texas Primera Energy filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Western District of Texas. The filing came a day following…

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More Problems for San Antonio Oil & Gas Promoter

More Problems for San Antonio Oil & Gas Promoter 150 150 Rex Securities Law

June 2, 2015 The San Antonio Express News reports that a judge will appoint a receiver to take control of Brian Alfaro‘s oil and gas businesses which involve oil and…

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Brian Polito of Dallas Pleads Guilty to Fraud In Sale of Oil & Gas Interests

Brian Polito of Dallas Pleads Guilty to Fraud In Sale of Oil & Gas Interests 150 150 Rex Securities Law

June 1, 2015-Houston, Texas Brian J. Polito of Allen, Texas, pled guilty to mail fraud in connection with the sale of interests in 12 wells owned by EOG Resources, Inc.…

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Fourth Person Found Guilty in Kentucky Oil Investment Scheme

Fourth Person Found Guilty in Kentucky Oil Investment Scheme 150 150 Rex Securities Law

June 1, 2015 Henry Irving Ramer was found guilty by a federal jury of operating a multi-mllion dollar investment scheme in which over 200 investors nationwide lost all or nearly…

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Plano Texas Businessman Sued by SEC-Fraudulent Oil & Gas Deals

Plano Texas Businessman Sued by SEC-Fraudulent Oil & Gas Deals 150 150 Rex Securities Law

June 1 , 2015-Murphy,  Texas The Securities and Exchange Commission sued Sameer Praveen Sethi and his company Sethi Petroleum alleging that since January 2014, Sethi and his company raise $4…

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