Carson Energy, Inc. of Austin, TX, Earl Carter Bills II of Austin, TX, Anthony Weber of Austin, TX, and Jerrold S. Rothouse of Austin, TX. Gerhart—Sales of Unregistered Energy Securities

Iowa Insurance Commissioner Nick Gerhart Has Ordered Texas Energy Companies to Cease and Desist Promoting the Alleged Fraudulent Sales of Unregistered Oil and Gas Securities to Iowans

Iowa Insurance Commissioner Nick Gerhart has ordered Texas energy companies to cease and desist promoting the alleged fraudulent sales of unregistered oil and gas securities to Iowans, according to recent reports from Iowa.

Carson Energy, Inc. of Austin, TX, Earl Carter Bills II of Austin, TX, Anthony Weber of Austin, TX, and Jerrold S. Rothouse of Austin, TX have all been ordered by Gerhart to cease and desist their operations in Iowa, according to said reports.

Iowa Insurance Commissioner Nick Gerhart Has Ordered Texas Oil and Gas Companies to Pay More than $2.1 Million in Restitution to 14 Iowans

Iowa Insurance Commissioner Nick Gerhart has ordered Texas energy companies to pay more than $2.1 million in restitution for 14 Iowans, according to recent reports from Iowa.

In addition, the Order alleges that company representatives called prospective Iowa investors, touting a “low risk, high potential oil and gas project.”

One investor, the Order notes, put up over $500,000 for the venture.

The allegations mentioned here are made by the Iowa securities regulators. Carson Energy and its principals are denying the allegations as of the date of this article and indicated they plan to dispute them and defend themselves.

At this time, no court of law has found Carson Energy and its principals liable for such allegations as made by the Iowa regulators.

The Peiffer Rosca Wolf Securities Lawyers Often Assist Investors

The Peiffer Rosca Wolf securities lawyers are assisting investors who lose money as a result of the sales of unregistered securities. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of the sales of unregistered securities are encouraged to contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1225 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.