Bob Flournoy/Energy Investment Partners Sanctioned for Maple Grove 2 Prospect Sales
July 2022- Dallas, TX
On January 31, 2022, the Texas State Securities Board (TSSB) entered an order sanctioning Energy Investment Partners and John Robert “Bob” Flournoy.
According to the TSSB order, Energy Investment Partners and Flournoy offered working interests in the Maple Grove 2 prospect, an oil and gas reservoir in the Niagaran Reef Trend in Manistee County, Michigan. The offerings were made in or from Texas through Energy Investment Partner’s website and the use of public advertisements on an online marketplace. The TSSB found that the working interests were securities under the Texas Securities Act and were not registered. In addition neither Energy Investment Partners nor Flournoy were registered at the time.
The TSSB ordered that Energy Investment Partners and Flournoy immediately cease and desist.
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