COLORADO SPRINGS, Colo., May 28, 2014 (GLOBE NEWSWIRE) -- via PRWEB - Fusion Resources, LLC, a Colorado energy firm, announced today that it seeks to unite the energy investment community, for the first time, through a proposed organization - The National Association of Energy Developers (NAED). The NAED is planned to be a self-policing, self-governing and educational industry organization similar to the National Association of Securities Dealers (NASD). It has not officially launched but industry support points to development by 2015 including a board of directors, new website and social media channels.
"The current oil and gas selling environment is populated by a mix of honorable and less-then-honorable firms. This is our attempt to ethically bind the industry to certain standards," said Fusion Resources, LLC founder Justin Brown. "Overloaded state and federal securities commissions have tried to rein in scofflaws by using securities laws that the courts say don't apply to the oil industry's joint venture general partnerships. Moreover, they are in an after-the-offense mode where the only remedy is punishment. NAED will provide education and peer pressure on the front-end of a transaction before anyone gets seriously impacted."
NAED's interests align perfectly with the founders of Fusion Resources, LLC and all 50 individual state Securities and Exchange Commission's interests with one primary differentiator: State commissions are focused on enforcement while NAED will focus on prevention through education.
Industry leaders point to the hundreds of millions of actively invested dollars needlessly lost each year through unethical practices. Through the proposed NAED, Fusion believes a well-defined cleanup effort will help move the industry toward a more ethically predicable future. "It's pretty simple. NAED will ensure that oil and gas sales organizations stay out of trouble before the SEC has to step in. We look forward to creating this needed bond with our market niche," said Brown
The ideal scenario would be an oversight process that ensures both merit review and full disclosure, a dual-headed approach that the states cannot implement. There must be a venue for trusting participants to register and resolve valid complaints in a binding manner without having to go to the expense of a court trial. Violation of this proposed organization's by-laws would result in suspension or even membership revocation. A prospective active investor's ability to check a firm's standing online will add an extra layer of protection. "We believe NAED can achieve these items quickly for the marketplace," added Brown.
Fusion Resources, LLC was founded in 2011 to create investor wealth by applying state-of-the-art technology to produce domestic oil and natural gas from proven reserves. We have assembled a world-class group of professional geologists, petroleum engineers and operators for the purpose of lowering risk and increasing yield for our accredited partners. To further mitigate risk, Fusion Resources employs the highest standards of due diligence and provides a "turnkey" cost control structure for each project. http://www.fusionresourcesllc.com/
Fusion Resources, LLC welcomes industry support, comments and direction.
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