The Tidal Group, Inc. (CRD #39782, Schertz, Texas) recentlysubmitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $20,000.
Without admitting or denying the findings, the firm consented to the described sanctions and to the entry of findings that it provided inaccurate information to investors in some private placement offerings of oil and gas interests in some prospects. The PPMs for the prospects included maps that identified the proposed drilling location, as well as surrounding wells. The maps contained legends that included a symbol for plugged and abandoned wells. The findings stated that maps in the offerings’ PPMs did not have these wells marked as plugged and abandoned.
This information which is publicly available on FINRA’s website has been provided by The White Law Group, LLC.
If you have questions about investments you made with The Tidal Group, Inc., the securities attorneys of The White Law Group may be able to help. To speak with a securities attorney, please call the firm’s Chicago office at 312/238-9650.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Boca Raton, Florida.
For more information on The White Law Group, please visit our website at http://www.whitesecuritieslaw.com.
Tags: broker fraud, FINRA arbitration attorney, investment fraud, private placement offerings, securities, Securities Attorney, Securities Fraud, Securities Lawyer, Texas broker fraud lawyer, Texas investment fraud attorney, Texas securities fraud attorney, The Tidal Group, Tidal Group oil and gas deals, Tidal Group oil and gas losses, Tidal Group oil and gas offering, Tidal Group private placement