SEC Charges Salesman Linked To Breitling Energy Scam – Law360 (subscription)

Posted: Tuesday, August 15, 2017

Law360, New York (August 4, 2017, 7:00 PM EDT) — The U.S. Securities and Exchange Commission filed charges Thursday against a salesman who allegedly earned $1.6 million while selling unregistered securities in companies connected to Texas oil and gas firm Breitling Energy Corp., whose executives have been accused of fleecing $80 million from investors.

The SEC instituted administrative cease-and-desist proceedings Thursday against Alfred C. Teran, alleging he violated the Securities Exchange Act by selling royalty interests without registering as a broker-dealer in Breitling Royalties Corp. and other firms directed by Christopher A. Faulkner, the president and…

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