1859 Operating Oil and Gas Investment Alert – SEC Investigation Raises Questions For Investors
1859 Operating Oil and Gas Investment Alert.
Investors who purchased 1859 Operating, LLC oil and gas investments may have important questions about how their investments were sold and marketed.
The SEC is conducting an ongoing investigation into potential federal securities law violations involving 1859 Operating and related parties. On August 20, 2026, the SEC asked a federal court to compel 1859, affiliated entities, and individuals to comply with investigative subpoenas.
Goodman & Nekvasil, P.A. is seeking information about the sales and marketing of 1859 Operating fractional working interests.
Call 800-500-4442 if your broker or financial adviser marketed this investment to you.
Investor Alert: SEC Investigation Involves 1859 Operating Oil Investments
According to the SEC’s filing, 1859 Operating and other respondents raised approximately $42.7 million by selling fractional undivided working interests in oil leases to investors in at least 40 states.
The SEC’s investigation has developed evidence that respondents may have made materially false statements or omissions concerning:
- Duane Slade’s background, criminal history, and management role;
- projected oil-well production rates and investment returns; and
- the use of investor funds, including substantial payments to respondents.
The SEC investigation remains ongoing. The court filing seeks enforcement of investigative subpoenas. It does not represent a final finding that any respondent violated the securities laws.
SEC Seeks Sales, Marketing, and Investor Records from 1859 Operating, LLC
The SEC has sought documents concerning investor offerings, financial accounts, communications with investors, internal communications, historical production data, relationships between 1859 and affiliated entities, and the use of investor funds.
The SEC’s investigation also concerns whether respondents violated antifraud and other provisions of the federal securities laws in connection with 1859’s securities offerings.
1859 Operating Oil and Gas Investment Alert.
Did Your Broker or Financial Adviser Sell You an 1859 Operating Investment?
Goodman & Nekvasil, P.A. wants to hear from investors whose broker, financial adviser, or other securities professional marketed, recommended, or sold an 1859 Operating investment.
The firm is seeking information about:
- Who recommended the investment;
- What risks the broker or adviser disclosed;
- What return projections were presented;
- Whether the broker performed adequate due diligence;
- Whether the investment matched the investor’s objectives and risk tolerance; and
- Whether the broker or adviser received commissions or other compensation.
Investors may have potential claims involving unsuitable recommendations, misrepresentations, omissions, inadequate due diligence, negligence, or failure to supervise. Each case depends on its specific facts.
Contact Goodman & Nekvasil, P.A.
If your broker or financial adviser marketed, recommended, or sold you an 1859 Operating oil and gas investment, Goodman & Nekvasil, P.A. would like to speak with you.
Call 800-500-4442 for a free evaluation.
The firm represents investors in claims against brokerage firms and financial professionals. There is no charge for an evaluation. Goodman & Nekvasil, P.A. handles investor cases on a contingency-fee basis. Unless the firm recovers money for you, there is no attorney’s fee.
Some of the information in this blog post was obtained from the SEC and FINRA on 8/26/26. If you believe this information was reported incorrectly, please contact our firm: 1-800-500-4442.