Just look at the recent Petro America fraud, for one. Look at the SEC and DOJ position on reporting "reserves" when a full feasibility study is not completed. For non-reporting companies, it falls under the anti-fraud statutes. It is fraudulent to claim such "reserves".
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.