2025-12-15 sec-litreleases pdf 325 KB 140 chars

In re Resolute Capital Partners LTD

Enriched metadata

Scheme
unregistered-securities (100%)
Outcome
settled
Civil penalty
$225,000
Victim loss
$250,000,000
Classified unregistered-securities(confidence 100%). EDGAR detection: forms Form D/S-1· recall 41% / precision 30%. detection rule →
Statutes
31 U.S.C. § 371711 U.S.C. § 52311 U.S.C. § 523(a)SECTION 8A OF THE SECURITIES ACTSECTIONS 15(b) AND 21C OF THE SECURITIES EXCHANGE ACTSECTIONS 15(b) AND 21C OF THE SECURITIES EXCHANGE ACTSECTION 9(b) OF THE INVESTMENT COMPANY ACTSECTION 203(f) OF THE INVESTMENT ADVISERS ACTSections 15(b), and 21C of the 2 Exchange Act, Section 9(b) of the Investment Company ActSections 15(b), and 21C of the 2 Exchange Act, Section 9(b) of the Investment Company ActSections 15(b), and 21C of the 2 Exchange Act, Section 9(b) of the Investment Company ActSections 17(a)(2) and 17(a)(3). In addition, Respondents violated Sections 5(a) and 5(c) of the Securities ActSections 17(a)(2) and 17(a)(3). In addition, Respondents violated Sections 5(a) and 5(c) of the Securities ActSections 17(a)(2) and 17(a)(3). In addition, Respondents violated Sections 5(a) and 5(c) of the Securities ActSections 17(a)(2) and 17(a)(3). In addition, Respondents violated Sections 5(a) and 5(c) of the Securities ActSections 17(a)(2) and 17(a)(3). In addition, Respondents violated Sections 5(a) and 5(c) of the Securities ActSection 203(f) of the Advisers Act, and Section 9(b) of the Investment Company Act
Parties
Securities and Exchange Commission
Keywords
respondentssecuritiesordercommissionhomeboundinvestorspowellfundsconsultantpowell tothtothrcpshalloffering materialsoffering

Extracted insights

Entities 1
  • agency Securities and Exchange Commission
Triples 11
  • United States Of America instituted proceedings against Resolute Capital Partners Ltd, LLC, Homebound Resources, LLC, Thomas J. Powell, and Stefan T. Toth
  • Securities And Exchange Commission deemed appropriate to institute cease-and-desist proceedings pursuant to Section 8a of the Securities Act of 1933
  • Securities And Exchange Commission instituted proceedings against Stefan T. Toth pursuant to Section 8a of the Securities Act, Sections 15(b) and 21C of the Securities Exchange Act of 1934, and Section 9(b) of the Investment Company Act of 1940
  • Securities And Exchange Commission instituted proceedings against Thomas J. Powell pursuant to Section 8a of the Securities Act, Sections 15(b) and 21C of the Securities Exchange Act of 1934, Section 9(b) of the Investment Company Act of 1940, and Section 203(f) of the Investment Advisers Act of 1940
  • Respondents submitted offers of settlement which the Commission determined to accept
  • Respondents made misrepresentations in connection with unregistered oil and gas securities offerings between 2016 and 2019
  • Respondents sold securities worth more than $250 million to retail investors
  • Respondents provided insufficiently supported projections of future oil production
  • Respondents made statements about potential tax benefits unavailable to certain investors
  • Respondents overstated cash reserves in offering materials
  • Respondents made incomplete disclosures regarding potential uses of investor funds including payments to prior debt and equity investors
Text layers
Extracted body text (140c)
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“SEC” or “Commission”) deems it appropriate to Section 8A of the Securities Act of 1933 (“Securities Act”) against Resolute Capital Partners LTD, LLC (“RCP”) and Homebound Resources, LLC (“Homebound”); that public administrative Sections 15(b) and 21C of the Securities Exchange Act of 1934 (“Exchange Act”), 9(b) of the Investment Company Act of 1940 (“Investment Company Act”) against Stefan T. Toth (“Toth”); and that public administrative and cease

Advisers Act of 1940 (“Advisers Act”) (“Powell”) (collectively, “ ”).

Offer of Settlement (the “Offers”)

except as to the Commission’s jurisdiction over

(“Order”)

(the “Relevant Period”)

The findings herein are made pursuant to Respondents’ Offers of Settle

(“RCP”) is a Nevada company with offices that “gives smart investors access to beyond gas wells.”

(“Homebound”) is a Texas company located in Group, LP (“Homebound Financial”) for RCP’s

(“PetroRock”)

Resolute Capital Advisors, LLC (“RCA”)

listed in Figure 1 (“Equity Funds”)

listed in Figure 2 (“Debt Funds”)

,

Homebound’s operations

a “one pager” document

RCP’s

provided investors with a document drafted by Powell entitled “Tax Benefit ”

including land, royalty/mineral rights, oil and gas working interests, and 20% for “cash reserves.”

the “primary purpose” of Legacy

to “finance the business and ” and

may be used for, among other things, the “repayment of other debt, loans and promissory notes” of PetroRock af fil

Holdings, LLC (“TMH”), an entity owned by Homebound, Powell, and other RCP employees.

“any person in the offer or sale of securities ... directly or indirectly ... to obtain money or

“Willfully,” for purposes of imposing the relief contained in this Order, “means no more than that the person charged with the duty knows what he is doing. ”

D.C. Cir. 1949)). There is no requirement that the actor “also be aware that he is violating one of the Rules or Acts. ”

, which construed the term “willfully” for pu

person has “willfully omit[ted]” material information from a required discl

they were made, not misleading."

“any person in the offer or sale of any securities ... to engage in any transaction, practice, or erate as a fraud or deceit upon the purchaser."

Homebound willfully violated Section 5(a) of the Securities Act, which states that “[u]nless a

or for delivery after sale.”

Homebound willfully violated Section 5(c) of the Securities Act, which states that “[i]t shall be

statement has been filed as to such security."

makes it unlawful for any broker or dealer “to unless such broker or dealer is registered in accordance” with Section 15(b) of the Exchange Act “ ... ” generally

Respondents’ “Consultant”), not unacceptable to the Commission’s staff of the Consultant’s 0) days following the date of the Consultant’s engagement, (“Division”) Consultant’s responsibilities, which shall include the reviews and reports to be made by the

Respondent RCP’s and Homebound’s

(1) has determined that Respondents’ policies and procedures for each of Respondents’ compliance with the federal securities laws identified as

Consultant with access to such of Respondents’

this Order shall not, without prior written consent of the Commission’s Director of

the Commission’s discharge of

s’

Commission’s order and payment of any or all of the following: (a) any disgorgement or civil

Respondent may pay by certified check, bank cashier’s check, or United

respective Respondent’s name

[illegible]