Ronald E. Walblay, Energy Securities, Inc., and RyHolland Fielder, Inc.

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09/26/2013 05:50 PM EDT

The Securities and Exchange Commission today charged the owner of two Florida-based companies with defrauding investors in five oil and gas offerings by misrepresenting such key facts as the amount of available reserves, the use of investor funds, and his past success in the oil and gas industry.