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Illegal Oil And Gas Investments Netted Sellers Millions In Commissions, Sec Says

by fa-mag.com posted 9months ago 42 views
Three men – one of whom received more than $7 million in commissions — have been charged by the Securities and Exchange Commission with illegally selling shares in oil and gas companies in Texas. The SEC on Monday filed civil injunctive actions against the three for a scheme that involved selling what they called “joint venture units” in oil and gas developments by Aegis Oil LLC and 7S Oil & Gas LLC.

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