ED Magedson – Founder
Dennis W. Stutes - Oil & Gas Securities Violations - www.oilandgasinvesting.com Bakken oil North Dakota investor fraud San Jose, California Internet
STATE OF NORTH DAKOTA SECURITIES DEPARTMENT - STOP ORDER SUMMARILY SUSPENDING THE OFFER AND SALE OF FEDERAL COVERED SECURITIES AND NOTICE OF RIGHT TO REQUEST A HEARING
In theMatter of New Hi-Tech Oil & Gas Discoveries, LLC and Dennis W. Stutes, Respondent.
Aug 15 2012
Bismarck, ND - North Dakota Securities Commissioner Karen Tyler has ordered New Hi-Tech Oil & Gas Discoveries, LLC, and Dennis W. Stutes to cease and desist from the offer and sale of securities in this state. The respondents have addresses in San Jose, CA, Tulsa, OK, and Bismarck, ND. In a filing made with the North Dakota Securities Department for the offer and sale of membership interests, respondents New Hi-Tech and Stutes failed to disclose that Stutes has been the subject of regulatory actions in the states of Iowa, Oklahoma, Indiana, Wisconsin, California and Hawaii. [continued below]....
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