Texas Based Cannon Operating Sanctioned by South Carolina Securities Regulators

Texas Based Cannon Operating Sanctioned by South Carolina Securities Regulators 150 150 Robert Rex, Esq.

February 27, 2015- Columbia, South Carolina

The Securities Commissioner of the State of South Carolina has filed an Order to Cease and Desist against a Garland, Texas, Company and one of its promoters , to halt sales of unregistered oil and gas investments in South Carolina and assessing fines.

Cannon Operating Company, LLC, a Texas limited liability company and John Griffin, an employee of Cannon, both located at 3200, Suite  220, Garland, Texas, are alleged to have solicited a resident of South Carolina to invest  in an oil well project located in Louisiana.

The South Carolina Order alleges that Cannon’s website ( http://www.cannonoperating.info/ ) “offers industry level opportunities to the individual investor” with the goal of helping investors “increase (their) wealth”. The South Carolina regulators allege that Canon failed to provide a prospectus, private placement memorandum or offering document of any kind and failed to disclose that on May 7, 2013, Cannon had been the subject of a final order from the Texas Railroad Commission canceling Cannon’s Certificate of Compliance and severing its pipeline and other carrier connections in the State of Texas.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

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