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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 million by selling a fraudulent offering in Sethi-North Dakota Drilling Fund-LVIII.

Investors were told that 70% of the funds acquiring working interests in the Bakken Shale formation in North Dakota. In reality, less than 25% was actually invested, according to the SEC.

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

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

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