SEC v. Glenn Hoppes, United States Energy Corp., TN-KY Development Fund LP, TN-KY Development Fund II LP and TN-KY Development Fund III LP, Case No. 8:13-cv-00868-SDM-AEP (M.D. Fl.).  On April 8, 2013, the SEC announced an enforcement action against Glenn Hoppes, and four companies he controls, United States Energy Corp., TN-KY Development Fund LP, TN-KY Development Fund II LP and TN-KY Development Fund III LP.  According to the SEC, Hoppes hired Joseph Hilton to sell investments in oil drilling projects and also financially supported Hilton’s boiler room even though he knew Hilton was barred from acting as a broker in a prior SEC enforcement action.  Hilton used an alias to avoid detection.  US Energy raised around $2.5 million in offerings that were not registered with the SEC.  The SEC also alleges that Hoppes misled investors about US Energy’s oil well assets and did not disclose his personal bankruptcy and the prior SEC action against Hilton.  The SEC’s complaint charges Hoppes, US Energy, TN-KY I, TN-KY II and TN-KY III with violations of Sections 5(a) and (c) and 17(a)(2) of the Securities Act, Section 10(b) of the Exchange Act and Exchange Act Rule 10b-5(b).  The complaint also charges Hoppes and US Energy with violations of 17(a)(1) and (3) of the Securities Act and Exchange Act Rule 10b-5(a) and (c) and with aiding and abetting Hilton’s Exchange Act Section 15(a) violations. The SEC is seeking civil monetary penalties, disgorgement, and injunctive relief.