Jay Holstine to Settle with SEC – $335,219

The US Securities and Exchange Commission charged Jay Holstine with promoting fraudulent oil and gas offering – settlement reached pending court approval.

Washington, DC (STL.News) The US Securities and Exchange Commission settled with Jay Holstine.  The settlement; Holstine to pay $335,219.67 in disgorgement plus prejudgment interest and an $85,000 civil penalty, without admitting or denying the allegations.

Other individuals party to the charges are; Timothy Burroughs, John Griffin, and Michael Oswald Williams.

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