Senator Urges SEC Action Against Fayetteville Company over Alleged Fake 'Tribal Tax Credits'

Senator urges SEC action against Fayetteville company over alleged fake 'tribal tax credits'

Senator Ron Wyden (D– Oregon), Ranking Member of the Senate Finance Committee, has formally called on the Securities and Exchange Commission (SEC) to revoke the registration of Fayetteville-based White River Energy Corp. (ticker: WTRV), citing alleged investor fraud and repeated violations of federal securities laws.

US lawmaker calls for delisting Fayetteville firm accused of selling fake tax credits

U.S. Senator Ron Wyden, D-Ore., has asked SEC Chair Paul Atkins to consider taking steps to delist the publicly traded company.

US Lawmaker Urges SEC Action Against Arkansas Firm Accused of Selling Fake Tax Credits

White River Energy Corp. of Fayetteville faces fresh federal scrutiny in relation to its allegedly fraudulent sale of tribal tax credits that the IRS doesn’t recognize. U.S. Sen. Ron Wyden, D-Ore., the ranking member of the Senate Finance Committee, has asked SEC Chair Paul Atkins to consider taking steps to delist the publicly traded company. Wyden said in a letter dated Jan. 29 that the company’s tax-credit sales are the subject of a federal c…