Ryan Miguel — Non-exempt Private Placement Offering

Ryan Miguel Allegedly Issued Securities Via a Non-exempt Private Placement Offering

Ryan Miguel, a.k.a. Ryan Miguel Pina, a.k.a. Ryan Lee Oliver, and Infinity Fuels allegedly issued securities via a non-exempt private placement offering, according to Documents from the Securities Division of the Arizona Corporation Commission currently under review by attorneys Alan Rosca and James Booker.

Investors who believe they may have lost money in activity related to Ryan Miguel’s non-exempt private placement offering are encouraged to contact attorneys Alan Rosca or James Booker with any useful information or for a free, no obligation discussion about their options.

The Peiffer Rosca Wolf securities lawyers are currently investigating Ryan Miguel’s non-exempt private placement offering.

The aforementioned Corporation Commissioner also made findings that Miguel,  a former registered representative with Merrill Lynch, allegedly made material misstatements of fact during the sales presentation for Infinity Fuels, which led to customers being misled regarding the company’s prospects and subsequent return on the investment, according to the aforementioned documents.

Miguel purportedly served as the chief development officer and served on the board of directors for Infinity Fuels, a startup company that was raising money to develop “waste to fuel” refinery capabilities, said Documents notes.

Infinity’s business license expired on December 31, 2010, and, according to the records of the Nevada Secretary of State, its corporate status has been revoked, the Documents report.

Ryan Miguel Received a Cease and Desist Order from the Corporation Commissioner for the state of Arizona and Had His License to Sell Securities in Arizona Revoked

Ryan Miguel, on April 11, 2017, reportedly received a Cease and Desist Order from the Corporation Commissioner for the state of Arizona and subsequently has had his License to Sell Securities in Arizona revoked, according to the aforementioned Documents from the Securities Division of the Arizona Corporation Commission currently under review by attorneys Alan Rosca and James Booker.

The Securities Divisions’ Complaint originates from an investigation into Infinity Fuels, a Nevada Corporation, which allegedly issued securities via a non-exempt private placement, said Documents notes.

The Arizona Corporation Commissioner’s action also imposed penalties on Ryan Miguel, ordered the rescission of the Infinity Fuels’ investment, and revoked Miguel’s securities salesman license in Arizona, the Documents state.

It should also be noted that for one to legally sell investments to the public, a broker must either be licensed or exempt from licensing, and Ryan Miguel has allegedly not held a license with a FINRA approved firm since August, 2015, said Documents note.

What is more, Miguel was under the Commission’s jurisdiction for two years after the lapse of his registration for the purpose of “denying, suspending or revoking his registration in connection with conduct that began before the lapse of his registration”, the Documents note.

Ryan Miguel has also been the subject of one regulatory investigation, according to his FINRA BrokerCheck Report.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of investment fraud and are currently investigating Ryan Miguel’s non-exempt private placement offering. 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 Ryan Miguel’s non-exempt private placement offering may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

Alan Rosca (1163 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.