State Securities Regulators Warn Against Slippery Oil and Gas Deals
Although oil prices have fallen since reaching an all-time high
last summer, fraudulent oil and gas deals remain a favorite ploy of con artists nationwide, according
to the North American Securities Administrators Association (NASAA), the membership organization of
state and provincial securities regulators. Securities investments offering profit participation in oil
and gas ventures can be legitimate for those who understand and can afford the risk, but doubtful and
even outright fraudulent energy deals aggressively are being promoted to the public.
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