SEC v. Arcturus Corporation, et al. (unregistered distributions, 2016)

Judgment entered

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In March 2016 a Texas federal court granted the SEC summary judgment on all claims against oil and gas promoters, finding fraud by Parvizian and his companies and Section 5 violations by all defendants.

The record

What was ordered

Civil penalty

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Disgorgement

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Prejudgment interest

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Total relief

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Alleged gain

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A dash means the release did not state a figure we could extract, not that the figure is zero. Penalty and disgorgement are stored separately so aggregates across the library do not double-count the same dollars.

What is alleged to have happened

On March 24, 2016 the SEC announced that the Northern District of Texas had granted it summary judgment on March 22 against Leon Ali Parvizian, Arcturus Corporation, Aschere Energy, LLC, Alfredo Gonzalez, AMG Energy, LLC, Robert Balunas and R. Thomas & Co. LLC. The SEC charged in December 2013 that they raised nearly $22 million from at least 380 investors. The court found fraud by Parvizian and his companies, found that all defendants violated Securities Act Sections 5(a) and 5(c), and found that Parvizian, Gonzalez, AMG Energy, Balunas and R. Thomas acted as unregistered broker-dealers. The record previously showed the status as unknown and one name, 'Arcturus Corporation, et al.'.

This library tags the matter as unregistered distributions, based on the conduct the document describes. The tagging is ours, not the regulator's: agencies charge statutory provisions, not technique names.

For the regulator's own account of the facts, read the primary document linked above. This page deliberately summarises the structured record rather than reproducing the release.

What technique is this, and how does it work?

This action is tagged with one technique in our taxonomy. The tagging is ours: regulators charge statutory provisions, not technique names, so the mapping is an editorial judgement described in our editorial policy.

• Unregistered distributions — see how it works, what statute it engages, and every other action tagged the same way.

Timeline

1. 2016-03-24 Litigation release published

Primary documents

Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.

• SEC litigation release

The linked release is a work of the United States government and is not subject to copyright. Our summary and narrative above are our own writing.

Related actions

Other actions in the library sharing at least one technique tag with this one.

Record added September 10, 2026. submit a correction.