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Four Texas Oil and Gas Promoters Ordered to Stop Fraudulent Sales in Iowa
Four Texas oil and gas promoters have been ordered to stop allegedly fraudulent sales of unregistered securities in Iowa. The companies have also been directed to refund $2.1 million to 14 Iowans and legal fees related to charges of unregistered securities and securities fraud. Iowa Insurance Commissioner Nick Gerhart has issued a summary order to cease and discontinue to...