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2019 NASAA Enforcement Report Based on 2018 Data

From nasaa.org

“Another Gusher will soon be flowing.” “The company owns clear unencumbered title to eighty acres of the best proved oil lands in the world, and is as sure to get oil as the stars shine.” “Should only one of these properties produce a gusher . . . the returns will be many times the capital stock of the Company. So that we claim this Company presents one of the best propositions to investors in this field.”1 These are all statements that you would expect to hear describing an oil and gas offering. It may surprise you to know that these statements are not from current offerings in the oil and gas area but are from ... (full story)

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