SEC v. Norstra Energy Inc., Glen Landry and Eric Dany (2015)

Settled

✓ Checked against the primary document on October 4, 2026. The library's summary, tags and figures for this record were compared with the regulator's own document by an AI model (Claude) following written instructions, with sampled and disputed records read a second time. No lawyer has reviewed them. A checked record can still contain errors, and checked does not mean endorsed. See how we check records or report a correction.

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The SEC's June 2015 case over false statements about Norstra Energy's oil reserves ended, as to CEO Glen Landry and newsletter writer Eric Dany, in consent judgments in the Southern District of New York in 2016. Landry was ordered to pay $20,000 in disgorgement, $659.40 in interest and a $20,000 penalty, and was barred as an officer or director; Dany $25,111.95, $2,541.06 and $25,111.95. The company's own judgment was not read.

The record

What was ordered

Civil penalty

$45.1k

Disgorgement

$45.1k

Prejudgment interest

$3.2k

Total relief

$93.4k

Alleged gain

—

A dash means the release did not state a figure we could extract, not that the figure is zero. Penalty and disgorgement are stored separately so aggregates across the library do not double-count the same dollars.

What is alleged to have happened

The Securities and Exchange Commission announced this matter on June 18, 2015 as release LR-23290. The respondents named are Norstra Energy Inc., Glen Landry and Eric Dany (1 individual, 1 entity).

The complaint alleges false statements about reserves and drilling by the issuer and its CEO, and false promotional claims by a newsletter author. No undisclosed payment is alleged, so the paid-promotion tag has been removed.

This library does not tag the matter with a manipulation technique, because the document does not describe one. The tagging is ours, not the regulator's.

The conduct is recorded against equities.

Nothing in the regulator's filing has been proven, and the respondents are entitled to the presumption that it has not been. This page will be updated if the matter is resolved, dismissed or withdrawn.

Landry's consent judgment was filed on 19 April 2016. It enjoins him from violating Section 10(b) and Rule 10b-5, prohibits him from acting as an officer or director of a registered issuer, and orders disgorgement of $20,000, interest of $659.40 and a $20,000 penalty, $40,659.40 in all. Dany's judgment, filed on 19 September 2016, enjoins him on the same terms and orders disgorgement of $25,111.95, interest of $2,541.06 and a penalty of $25,111.95. The SEC's notice of covered action gives 20 September 2016 as the date of the qualifying judgment, which is the date used here. The amounts stored add the two individuals. Neither judgment is a finding after trial, and I did not read a judgment against Norstra Energy Inc. itself.

For the regulator's own account of the facts, read the primary documents linked above. This page summarises the structured record and does not reproduce them.

Timeline

1. 2015-06-18 Litigation release published
2. 2016-09-20 Qualifying judgment date per SEC covered-action notice; Dany judgment filed 19 Sep 2016 (S.D.N.Y.)

Primary documents

Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.

• SEC litigation release
• SEC notice of covered action 2016-144
• Final judgment as to Glen Landry (19 Apr 2016)
• Judgment as to Eric Dany (19 Sep 2016)

The linked release is a work of the United States government and is not subject to copyright. Our summary and narrative above are our own writing.

Record added September 10, 2026. submit a correction.