SEC Accuses 3 Texans of Raising $3.2M Through Unregistered Sale of Oil and Gas Joint Ventures
This suit was surfaced by Law.com Radar. Read the complaint here.
December 29, 2021 at 04:59 PM
1 minute read
Securities Litigation
The U.S. Securities and Exchange Commission sued Timothy Burroughs, Jay Holstine, John Griffin and Michael Oswald Williams Monday in Texas Eastern District Court over alleged violations of federal securities laws. The agency accuses the defendants of raising approximately $3.2 million from investors through the unregistered offer and sale of interests in two oil and gas joint ventures. Attorneys have not yet appeared for the defendants. The case is 4:21-cv-00994, Securities & Exchange Commission v. Burroughs et al.
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