Goodman & Nekvasil P.A. May Recover Investor Losses – Texas Coastal Energy Company, LLC and CEO Jefferey A. Gordon Charged by SEC
Securities and Exchange Commission Charges Texas Coastal Energy Company, LLC and CEO Jefferey A. Gordon
On June 19, 2018, the Securities and Exchange Commission charged Texas Coastal Energy Company, LLC and its CEO, Jefferey A. Gordon in connection with a series of allegedly fraudulent unregistered oil-and-gas securities offerings that raised millions of dollars from investors.
In its complaint, the SEC alleges that Jefferey Gordon and Texas Coastal Energy Company, LLC (TCEC) cold-called investors across the country, soliciting their interest in financing the drilling and completion of oil-and-gas prospects in Kansas and Texas in exchange for a share of future oil-and-gas production revenue.
According to the complaint, Gordon and Texas Coastal Energy Company, LLC used a combination of false and misleading offering materials and sales pitches to deceive investors. According to the complaint, among other things, Gordon and Texas Coastal Energy Company, LLC lied to investors about Texas Coastal Energy Company, LLC’s experience and track record, the advice and success rate of its geologists, the potential reserves on its prospects, the potential return on investments therein, and the manner in which Texas Coastal Energy Company, LLC would use investor funds. Ultimately, according to the complaint, Gordon and Texas Coastal Energy Company, LLC raised more than $8 million from at least 80 investor victims. While investors lost almost every dollar invested, Texas Coastal Energy Company, LLC and Gordon misappropriated over $2.6 million of investor funds for their own use.
Investors in Texas Coastal Energy Company, LLC May Recover their Losses with Goodman & Nekvasil, P.A.
If you purchased your Texas Coastal Energy Company, LLC investment from a licensed financial advisor, Goodman & Nekvasil, P.A. can help you. Goodman & Nekvasil, P.A., a Clearwater, Florida, law firm with a national practice representing victimized investors, has filed hundreds of cases against brokerage firms selling high-risk or fraudulent investments such as Texas Coastal Energy Company, LLC, and has recovered more than $180 million dollars on behalf of victimized investors.
All our cases are handled on a purely contingency fee basis by Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA. Kalju Nekvasil, Esq. has practiced in this area of the law for more than 35 years.
There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf. Finally, the filing of such a case should not affect your ownership of your Texas Coastal Energy Company, LLC.
If you incurred losses on your investment in Texas Coastal Energy Company, LLC and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
Keywords: Texas Coastal Energy Company, Jefferey Gordon, FINRA, Stock, Investment, NASD, SEC, Fraud, Attorney, Broker, Brokerage, Firm, Brokerage Firm, Invest, Lawyer, Securities Lawyer, Goodman and Nekvasil, Nekvasil, Goodman, Investor, Investment, Financial, Financial Services, Securities