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Securities and Exchange Commission v. Bowen et al

  1. December 08, 2023

    SEC Defends Fraud Allegations Against Texas Oil CEO

    The U.S. Securities and Exchange Commission is urging a federal court against throwing out its fraud lawsuit against the CEO of a Texas oil and gas company, arguing they have laid out enough facts about how the executive misled investors to withstand his bid to dismiss the case.

  2. September 21, 2023

    Former Texas Oil Co. CEO Ducks SEC Fraud Claims For Now

    Cannon Operating's former CEO defeated claims he solicited investors for a proposed oil well using misleading offering materials, after a Texas federal judge ruled Thursday that the U.S. Securities and Exchange Commission vaguely alleges he sent materials to investors without describing whom he sold interests to, as well as when, where and how.

  3. July 01, 2022

    SEC Says 2 Texas Oil And Gas Cos. Ripped Off Investors

    Two North Texas oil and gas companies have been hit with fraud charges by the U.S. Securities and Exchange Commission for allegedly defrauding at least 140 investors in 42 states out of millions of dollars.