Todd Prince Sanctioned for Sales of
Beeler 2H Joint Venture Sales
July 2022- Austin, TX
On April 21, 2022, the Texas State Securities Board (TSSB) entered an order sanctioning Todd Prince.
According to the TSSB order, in 2019-2020 Prince promoted units of the Beeler 2H Joint Venture, offered by PRT Consulting LLC dba Petroleum Resources of Texas (Petroleum Resources) to Texas residents. Prince was not registered as an agent or dealer with the Texas Securities Commissioner at the time.
Previously, in June 2020, the TSSB entered an Emergency Order against Prince and others (Emilio Barrera aka Mike Barrera, Richmond Engineering, SmartOilandGas.org dba Smart Oil and Gas and Mark A. Plummer aka M.A. Plummer) allegedly involved in the offer of units in the Beeler 2H Joint Venture.
The TSSB found that units in the Beeler 2H Joint Venture are securities under the Texas Securities Act and that Prince violated the Act by offering securities without being registered. The TSSB ordered Prince to cease and desist from acting as a securities agent until registered.
Questions about an investment in the Beeler 2H Joint Venture. Call for a no charge consultation.
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.
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