SEC v. Ronald Brooks, Case No. 3:12-cv-2716 (N.D. Tx.).  On August 9, 2012, the SEC fled fraud charges against Ronald D. Brooks, who served as CEO and Chairman of Standard Oil Company USA, Inc., a purported energy company.  Brooks signed and certified Standard Oil’s initial disclosure statement filed with the Pink OTC Markets stating that he had no criminal convictions.  In reality, however, Brooks had been convicted of felonies three times, twice involving securities violations.  The SEC charged Brooks with violating Section 10(b) of the Exchange Act and Rule 10b-5 thereunder.  The SEC seeks a permanent injunction, a civil monetary penalty, an officer-and-director bar, and a penny stock bar.