Sethi Petroleum Currently under investigation by Securities Exchange commission for fraudenlent Sales Securities Practices Texas

“With the number of complaints we are receiving on oil and gas deals, investors need to be particularly cautious before investing in any oil and gas venture,” said Securities Commissioner Fred Joseph. “Oil and gas ventures are very speculative and highly illiquid. And even where the underlying project is legitimate, any profits can vanish through high sales commissions and other expenses taken by the promoters.”

If you think you’ve found the right oil or gas investment to “strike it rich,” consider this:  it may be a scam.  While some oil and gas investment opportunities are legitimate, many oil and gas ventures are frauds.  Many of these schemes start in so-called “boiler rooms,” where skilled telemarketers use high pressure sales tactics to convince you to hand over your hard-earned money. 

SEC recommends for any Private Placement to ask about upfront fees and charges on ivestment that underwriter is charging in Executive Summary. Sethi Petroleum discloses in Executive Summary that Sethi Petroleum is entitled to 25% upfront fees. For ever dollar investors invests that take out 25 cents

“Can’t Miss” Wells.  Every investment carries some degree of risk so you should be skeptical of any oil and gas investment opportunity pitched as completely safe.  Fraudsters often spend a lot of time trying to convince you that extremely high returns are "guaranteed" or "can't miss." Don't believe it. 

Sales Pitches Focused on Highly Publicized News.  Scam artists read the headlines, too.  Often, they’ll use a highly publicized news item, like volatile gas prices, to lure potential investors and make their “opportunity” sound more legitimate. 

Limited Opportunities.  Scam artists often try to give you the impression that the “ opportunity” they are promoting is scarce, hoping you will hand over your money hastily before doing any due diligence.  Resist the pressure to invest quickly, and take the time you need to investigate before sending money.  

High Rates of Return.  Compare promised yields with current returns on well-known stock indexes. Any investment opportunity that claims you'll get substantially more could be highly risky. And that means you might lose money.