The Numbers That Tell the Story
The alleged scheme’s scope becomes clear through the SEC’s financial breakdowns:
- Oliver: $52 million in sales to approximately 50 investors, earning over $4.3 million in compensation
- Ortiz: $18 million in sales to about 20 retail investors, collecting nearly $817,000
- Richards: $12 million in sales to roughly 25 investors, receiving nearly $619,000
These figures represent not just the alleged violations’ scale, but the potential investor losses and regulatory penalties at stake.
Context & Timeline
2021: Resolute Capital Partners settles with SEC over similar oil and gas securities allegations, paying $225,000 2021-2025: Alleged unregistered securities sales period (based on SEC complaint timeline) September 12, 2025: SEC files complaints in Florida and California federal courts
The prior Resolute settlement adds a crucial context layer—this isn’t the first time entities associated with these oil and gas offerings have faced SEC scrutiny. The 2021 enforcement action should have put market participants on notice about compliance requirements for these types of investments.
