{"id":4710,"date":"2009-02-01T14:27:23","date_gmt":"2009-02-01T14:27:23","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2009\/02\/texas_state_securities_board_o_1"},"modified":"2022-03-30T10:26:56","modified_gmt":"2022-03-30T15:26:56","slug":"texas-state-securities-board-o-1","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/texas-state-securities-board-o-1\/","title":{"rendered":"Texas State Securities Board Orders Golden Triangle Energy Corp. and Vision Asset Development Co. to Stop Selling Securities"},"content":{"rendered":"

The Texas State Securities Board has issued an emergency cease and desist order telling oil and gas companies Golden Triangle Energy Corp. and Vision Asset Development Co. to stop selling securities. The board is accusing both companies of lying to investors about certain payments and selling unregistered stock shares.<\/p>\n

The board contends that the companies’ leader, Michael Dannelly, sold unregistered stock shares and units of interest in a joint venture involved with oil and gas wells and leases. Dannelly previously did business as Oil & Gas Managing Partners.<\/p>\n

While selling interests in oil and gas well drilling programs, Dannelly is accused of spending millions of investors’ funds at casinos and on other personal expenses. The order also says that Dannelly organized a Ponzi scam and neglected to tell investors that he had was sued for securities fraud<\/a>. Two sales agents, Harley Garvin and William McGarry, are also accused of selling unregistered stock shares.<\/p>\n

In a separate case, and just one day before issuing the order against Vision Asset Development Co. and Golden Triangle Energy Corp, the board put out a search warrant affidavit against Impact Energy accusing the company of engaging in fraud when it sold natural gas securities.<\/p>\n

Texas State Securities Board <\/strong>
\nThe Texas State Securities Board works to protect Texas investors and make sure that a free and competitive market exists in the state. Texas securities laws are committed to prohibiting securities fraud <\/a>and misrepresentation during securities sales<\/a>. The state laws also offer sanctions and remedies in the event of violations.
\n Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Texas State Securities Board has issued an emergency cease and desist order telling oil and gas companies Golden Triangle Energy Corp. and Vision Asset Development Co. to stop selling securities. The board is accusing both companies of lying to investors about certain payments and selling unregistered stock shares. The board contends that the companies’ […]<\/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":[3750],"tags":[],"class_list":["post-4710","post","type-post","status-publish","format-standard","hentry","category-texas-securities-fraud"],"yoast_head":"\nTexas State Securities Board Orders Golden Triangle Energy Corp. and Vision Asset Development Co. to Stop Selling Securities — Investor Lawyers Blog — February 1, 2009<\/title>\n<meta name=\"description\" content=\"The Texas State Securities Board has issued an emergency cease and desist order telling oil and gas companies Golden Triangle Energy Corp. and Vision — February 1, 2009\" \/>\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-state-securities-board-o-1\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Texas State Securities Board Orders Golden Triangle Energy Corp. and Vision Asset Development Co. to Stop Selling Securities — Investor Lawyers Blog — February 1, 2009\" \/>\n<meta name=\"twitter:description\" content=\"The Texas State Securities Board has issued an emergency cease and desist order telling oil and gas companies Golden Triangle Energy Corp. and Vision — February 1, 2009\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards & 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 State Securities Board Orders Golden Triangle Energy Corp. and Vision Asset Development Co. to Stop Selling Securities — Investor Lawyers Blog — February 1, 2009","description":"The Texas State Securities Board has issued an emergency cease and desist order telling oil and gas companies Golden Triangle Energy Corp. and Vision — February 1, 2009","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-state-securities-board-o-1\/","twitter_card":"summary_large_image","twitter_title":"Texas State Securities Board Orders Golden Triangle Energy Corp. and Vision Asset Development Co. to Stop Selling Securities — Investor Lawyers Blog — February 1, 2009","twitter_description":"The Texas State Securities Board has issued an emergency cease and desist order telling oil and gas companies Golden Triangle Energy Corp. and Vision — February 1, 2009","twitter_misc":{"Written by":"Shepherd Smith Edwards & Kantas, LLP","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/texas-state-securities-board-o-1\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/texas-state-securities-board-o-1\/"},"author":{"name":"Shepherd Smith Edwards & Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Texas State Securities Board Orders Golden Triangle Energy Corp. and Vision Asset Development Co. to Stop Selling Securities","datePublished":"2009-02-01T14:27:23+00:00","dateModified":"2022-03-30T15:26:56+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/texas-state-securities-board-o-1\/"},"wordCount":302,"articleSection":["Texas Securities Fraud"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/texas-state-securities-board-o-1\/","url":"https:\/\/www.investorlawyers.com\/blog\/texas-state-securities-board-o-1\/","name":"Texas State Securities Board Orders Golden Triangle Energy Corp. and Vision Asset Development Co. to Stop Selling Securities — Investor Lawyers Blog — February 1, 2009","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2009-02-01T14:27:23+00:00","dateModified":"2022-03-30T15:26:56+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"The Texas State Securities Board has issued an emergency cease and desist order telling oil and gas companies Golden Triangle Energy Corp. and Vision — February 1, 2009","breadcrumb":{"@id":"https:\/\/www.investorlawyers.com\/blog\/texas-state-securities-board-o-1\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.investorlawyers.com\/blog\/texas-state-securities-board-o-1\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.investorlawyers.com\/blog\/texas-state-securities-board-o-1\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.investorlawyers.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Texas State Securities Board Orders Golden Triangle Energy Corp. and Vision Asset Development Co. to Stop Selling Securities"}]},{"@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 & 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 & 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 & Kantas, LLP"},"sameAs":["https:\/\/www.investorlawyers.com\/"]}]}},"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pedX9K-1dY","_links":{"self":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/4710","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=4710"}],"version-history":[{"count":5,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/4710\/revisions"}],"predecessor-version":[{"id":25987,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/4710\/revisions\/25987"}],"wp:attachment":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/media?parent=4710"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/categories?post=4710"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/tags?post=4710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}