The Financial Industry Regulatory Authority Friday morning said it is seeking a Temporary Cease and Desist Order against a San Antonio brokerage that allegedly is operating a "boiler room" designed to raise money for oil and gas ventures its president runs.

If granted, the order would halt any "fraudulent and illegal sales" activities by Pinnacle Partners Financial Corporation and its president, Brian K. Alfaro, that attempt to raise money for eight unregistered private placements in oil and gas ventures. Alfaro Oil and Gas and Pinnacle are listed on the Web and in a FINRA directory, respectively, as operating out of suite 2101 and 2103 the same office building in San Antonio.

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