A Texas federal judge has denied a former AMG Energy broker’s request for a new trial. The U.S. Securities and Exchange Commission’s case against the broker involved charges that the broker sold $22 million in unregistered investment vehicles disguised as partnerships in oil and gas drilling. The judge granted summary judgment in favor of the SEC.
SEC Wins Against AMG Energy Broker
The SEC filed a claim against AMG Energy Broker Alfredo Gonzalez for his involvement in an investment scheme that claimed $22 million dollars of investor funds. The scheme, headed by Leon Ali “Alex” Parvizian, lured investors with promises of investment returns achieved through his claimed expertise in managing oil and gas well enterprises.
The SEC contended that Parvizian sold the joint ventures through AMG Energy and R. Thomas & Co. Gonzalez was paid a 12 percent “finder’s fee” for all money that he raised from investors.
Did You Invest with an AMG Energy Broker?
If you invested with AMG Energy broker Alfredo Gonzalez, you may have the right to take legal action.
Call an Investment Fraud Attorney Today
If you are looking for an attorney to review your rights and options, the securities lawyers at Dimond Kaplan & Rothstein, P.A. have recovered more than $100 million from banks and brokerages firms for their wrongful actions.