The Securities and Exchange Commission (SEC) last Tuesday charged two securities promoters with allegedly bilking 70 investors nationwide out of an estimated $2.2 million through the sales of oil and natural gas leases. Along with the charges, the SEC issued an investor alert on its website at http://www.sec.gov warning investors to be wary of solicitations that prey on the fears of higher oil and gas prices.
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SEC Alleges Securities Promoters Bilked Oil, Gas Investors
The Securities and Exchange Commission (SEC) on Tuesday charged two securities promoters with allegedly bilking 70 investors nationwide out of an estimated $2.2 million through the sales of oil and natural gas leases. Along with the charges, the SEC issued an investor alert available on its website at http://www.sec.gov warning investors to beware of solicitations that prey on the fears of higher oil and gas prices.
Mackenzie Delta Supplies Getting Closer
The driving force sought by promoters of Arctic natural gaspipelines is gathering steam as three senior Canadian productioncompanies revisit major northern discoveries they have sat on for aquarter of a century of unfavorable markets.