Oliver is also accused of failing to disclose that he was being paid a monthly fee, as well as commissions, for sales of the unregistered oil and gas securities, according to the SEC. The complaint states that the risky investments were sponsored by a pair of firms: Resolute Capital Partners and Homebound Resources. Resolute paid Oliver for touting the securities through an intermediary called Beacon Global Group, and he ultimately received at least $4.3 million, according to the SEC. Oliver eventually showed the investor charts and projections for the unregistered securities, claiming that their value would double every 12 to 18 months. Oliver is charged with selling unregistered securities, acting as an unregistered broker and breaching his fiduciary duty to always put his clients interests first, among securities laws violations.