Texas Residents Charged by SEC for Sale of Fraudulent Oil & Gas Investments

Texas Residents Charged by SEC for Sale of Fraudulent Oil & Gas Investments 150 150 Rex Securities Law


On March 28, 2014, The Securities & Exchange Commission (SEC) charged Jason A. Halek of Southlake, TX, and Patrick J. Booths of Forth Worth with securities fraud in a case filed in U.S. District Court in Dallas, Texas. SEC v Jason A. Halek, Joshua D. Spivey, Patrick J. Booths and Steven J. Little, Civil Action No. 3:14-cv-01106-D (NDTX).
In the complaint the SEC alleges that from September 2009 to June 2010, Halek and Booths fraudulently conducted unregistered securities offerings of working interests in oil and gas projects owned and operated by Halek Energy, LLC.
The projects were offered to investors by  Joshua Spivey of Morristown, Tennessee and Steven Little of Southlake, TX.
The complaint alleges that Halek conceived a straw man scheme to avoid the scrutiny of the SEC which was already investigating a prior scheme. See this for the SEC press release.
In August 2013, the Dallas Observer reported that Halek had lost an appeal on the earlier SEC case and was found liable for $26 million.
If you lost money as a result of investing in any of these projects and if you made your investment with the assistance of a registered broker or brokerage firm you may be able to recover losses through FINRA arbitration. Contact us to discuss your legal rights.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

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Rex Securities Law

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