{"id":4175,"date":"2017-02-16T19:44:46","date_gmt":"2017-02-17T01:44:46","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=4175"},"modified":"2022-03-25T13:33:04","modified_gmt":"2022-03-25T18:33:04","slug":"texas-securities-fraud-leads-expulsion-red-river-securities-24-m-investor-restitution","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/texas-securities-fraud-leads-expulsion-red-river-securities-24-m-investor-restitution\/","title":{"rendered":"Texas Securities Fraud Leads to Expulsion for Red River Securities and $24.M in Investor Restitution"},"content":{"rendered":"<p>\t\t\t\tA Financial Industry Regulatory Authority hearing panel has expelled a Plano, Texas-based brokerage firm from the industry, barred its CEO, and ordered both of them to pay customers $24.6M in restitution. Red River Securities LLC and Brian Keith Hardwick are accused of engaging in fraudulent sales involving five oil and gas joint ventures.  Of the more than $25M that customers invested in the oil and gas offerings, they were paid distributions of under $500K in total. <\/p>\n<p>According to the <a href=\"https:\/\/texas.stockbroker-fraud.com\">Texas securities case<\/a>, the regulator claims that over a four-year period, Hardwick and the Texas brokerage firm purposely and fraudulently misrepresented and left out material facts related to interests in oil and gas joint ventures that were issued by affiliate Regal Energy LLC issued. Also, contends the SEc; <\/p>\n<p>\u00b7      The oil and gas ventures failed to properly represent how much income was distributed to investors in other Regal Entity joint ventures. <\/p>\n<p> <a href=\"https:\/\/www.investorlawyers.com\/blog\/texas-securities-fraud-leads-expulsion-red-river-securities-24-m-investor-restitution\/#more-4175\" class=\"more-link\">Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Financial Industry Regulatory Authority hearing panel has expelled a Plano, Texas-based brokerage firm from the industry, barred its CEO, and ordered both of them to pay customers $24.6M in restitution. Red River Securities LLC and Brian Keith Hardwick are accused of engaging in fraudulent sales involving five oil and gas joint ventures. Of the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[4047,3750],"tags":[2733],"class_list":["post-4175","post","type-post","status-publish","format-standard","hentry","category-oil-and-gas-claims","category-texas-securities-fraud","tag-red-river-securities"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Texas Securities Fraud Leads to Expulsion for Red River Securities and $24.M in Investor Restitution &#8212; Investor Lawyers Blog &#8212; February 16, 2017<\/title>\n<meta name=\"description\" content=\"A Financial Industry Regulatory Authority hearing panel has expelled a Plano, Texas-based brokerage firm from the industry, barred its CEO, and ordered &#8212; February 16, 2017\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/texas-securities-fraud-leads-expulsion-red-river-securities-24-m-investor-restitution\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Texas Securities Fraud Leads to Expulsion for Red River Securities and $24.M in Investor Restitution &#8212; Investor Lawyers Blog &#8212; February 16, 2017\" \/>\n<meta name=\"twitter:description\" content=\"A Financial Industry Regulatory Authority hearing panel has expelled a Plano, Texas-based brokerage firm from the industry, barred its CEO, and ordered &#8212; February 16, 2017\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Texas Securities Fraud Leads to Expulsion for Red River Securities and $24.M in Investor Restitution &#8212; Investor Lawyers Blog &#8212; February 16, 2017","description":"A Financial Industry Regulatory Authority hearing panel has expelled a Plano, Texas-based brokerage firm from the industry, barred its CEO, and ordered &#8212; February 16, 2017","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/texas-securities-fraud-leads-expulsion-red-river-securities-24-m-investor-restitution\/","twitter_card":"summary_large_image","twitter_title":"Texas Securities Fraud Leads to Expulsion for Red River Securities and $24.M in Investor Restitution &#8212; Investor Lawyers Blog &#8212; February 16, 2017","twitter_description":"A Financial Industry Regulatory Authority hearing panel has expelled a Plano, Texas-based brokerage firm from the industry, barred its CEO, and ordered &#8212; February 16, 2017","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/texas-securities-fraud-leads-expulsion-red-river-securities-24-m-investor-restitution\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/texas-securities-fraud-leads-expulsion-red-river-securities-24-m-investor-restitution\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Texas Securities Fraud Leads to Expulsion for Red River Securities and $24.M in Investor Restitution","datePublished":"2017-02-17T01:44:46+00:00","dateModified":"2022-03-25T18:33:04+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/texas-securities-fraud-leads-expulsion-red-river-securities-24-m-investor-restitution\/"},"wordCount":377,"keywords":["Red River Securities"],"articleSection":["Oil and Gas Claims","Texas Securities Fraud"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/texas-securities-fraud-leads-expulsion-red-river-securities-24-m-investor-restitution\/","url":"https:\/\/www.investorlawyers.com\/blog\/texas-securities-fraud-leads-expulsion-red-river-securities-24-m-investor-restitution\/","name":"Texas Securities Fraud Leads to Expulsion for Red River Securities and $24.M in Investor Restitution &#8212; Investor Lawyers Blog &#8212; February 16, 2017","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2017-02-17T01:44:46+00:00","dateModified":"2022-03-25T18:33:04+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"A Financial Industry Regulatory Authority hearing panel has expelled a Plano, Texas-based brokerage firm from the industry, barred its CEO, and ordered &#8212; February 16, 2017","breadcrumb":{"@id":"https:\/\/www.investorlawyers.com\/blog\/texas-securities-fraud-leads-expulsion-red-river-securities-24-m-investor-restitution\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.investorlawyers.com\/blog\/texas-securities-fraud-leads-expulsion-red-river-securities-24-m-investor-restitution\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.investorlawyers.com\/blog\/texas-securities-fraud-leads-expulsion-red-river-securities-24-m-investor-restitution\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.investorlawyers.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Texas Securities Fraud Leads to Expulsion for Red River Securities and $24.M in Investor Restitution"}]},{"@type":"WebSite","@id":"https:\/\/www.investorlawyers.com\/blog\/#website","url":"https:\/\/www.investorlawyers.com\/blog\/","name":"Investor Lawyers Blog","description":"Published By Investment Fraud Attorneys \u2014 Shepherd Smith Edwards &amp; Kantas, LLP","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.investorlawyers.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431","name":"Shepherd Smith Edwards &amp; Kantas, LLP","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","caption":"Shepherd Smith Edwards &amp; Kantas, LLP"},"sameAs":["https:\/\/www.investorlawyers.com\/"]}]}},"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pedX9K-15l","_links":{"self":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/4175","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/comments?post=4175"}],"version-history":[{"count":1,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/4175\/revisions"}],"predecessor-version":[{"id":25478,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/4175\/revisions\/25478"}],"wp:attachment":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/media?parent=4175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/categories?post=4175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/tags?post=4175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}