Eccleston Law: Attorney James Eccleston quoted in Thomson Reuters news article

Posted on May 1st, 2013 at 9:00 AM

Jim Eccleston was quoted in the Thomson Reuters article entitled "SEC warns investors of oil and gas scams."

Eccleston said "Private securities transactions can be extremely risky for investors. Liquidity in such transactions is limited because it can be difficult or impossible to resell the securities, which do not trade on exchanges."

He also went on to say "Investors in private oil and gas deals are particularly vulnerable because they often do not understand the complexities of the industry. They may not realize, for example, that investing in an 'exploratory well,' which is in an area that is not known to have produced oil or gas, is riskier than investing in other types of wells that are closer to areas where production was successful."

The SEC filed most of the civil fraud cases mentioned in the article between 2009 and 2011.

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