Financial Coach Must Pay More Than $450,000 Over Oil Projects

Loral Langemeier has been ordered to pay the SEC more than $450,000 for her role in soliciting investors for oil and gas projects in which she had an interest.

The amounts—more than $400,000 in disgorgement and interest and a $50,000 civil penalty—are less than the Securities and Exchange Commission requested, Judge Anne R. Traum said Tuesday for the US District Court for the District of Nevada. And Langemeier’s financial education company, Live Out Loud Inc., isn’t responsible for paying a civil penalty because “Langemeier personally received the entire proceeds” from the illegal conduct, Traum said.

The SEC suit against Langemeier ...