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Oil related investments

Austin Money Mangers Ordered to Pay $31 million Restitution on Phony Oil and Gas Deals

Austin Money Mangers Ordered to Pay $31 million Restitution on Phony Oil and Gas Deals 150 150 Rex Securities Law

October 26, 2015- Austin, Texas U.S. Magistrate Mark Lane entered a final judgment in favor of the SEC against four money managers who promoted scam investments in oil and gas…

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Plano Based Red River Securities & Brian Hardwick Named In Securities Complaint

Plano Based Red River Securities & Brian Hardwick Named In Securities Complaint 150 150 Rex Securities Law

July 27, 2015- Plano, Texas The Financial Industry Regulatory Authority (FINRA) filed a complaint against Plano based Red River Securities and Brian Keith Hardwick alleging that they violated the Securities…

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Harrison Schumacher & Quantum Energy Named In SEC Action

Harrison Schumacher & Quantum Energy Named In SEC Action 150 150 Rex Securities Law

August 27, 2015 The Securities and Exchange Commission (SEC) has alleged that Harrison Schumacher and his two Los Angeles companies, Quantum Energy LLC and Quaneco LLC, raised over $12.3 million…

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Carson Energy / Austin Texas Residents Named In Iowa Oil & Gas Securities Fraud Action

Carson Energy / Austin Texas Residents Named In Iowa Oil & Gas Securities Fraud Action 150 150 Rex Securities Law

August 28, 2015 Iowa Insurance Commissioner Nick Gerhart issued a cease and desist order to the following Austin, Texas residents: Carson Energy, Inc.              …

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Former Winter Park. FL, Man Arrested on Oil & Gas Fraud Charges in Texas

Former Winter Park. FL, Man Arrested on Oil & Gas Fraud Charges in Texas 150 150 Rex Securities Law

July 10, 2015 The Dallas Morning News reports that Justin Spearman, 27, of Winter Park, Florida, has been charged in the Eastern District of Texas with wire fraud in connection…

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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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