A cease-and-desist order has been issued against a Texas oil-and-gas company, its managing director and one of its sales agents for allegedly violating the securities registration and licensing provisions of the Colorado Securities Act in connection with the offer of securities in Colorado.
Colorado Securities Commissioner Fred Joseph on Tuesday identified the company as Dallas-based Mieka Corp., Daro Blankenship as managing director, and Stephen Romo as one of Mieka’s sales agents. Both men are from the Dallas area.
During a hearing, the Colorado Securities Board heard that Romo cold- called a securities-division employee and offered a joint-venture interest in an oil-and-gas project being promoted by Mieka.
The Colorado Securities Board determined that the joint-venture interests being offered were, in fact, securities under Colorado law.
Because the board found that the interests were securities, it also found that the company and the two men violated the registration and licensing provisions of the Colorado Securities Act.
Howard Pankratz: 303-954-1939 or pankratz@denverpost.com
