The information in the table below represents an industry comparison of businesses which are of the same relative size. This is based on BBB's database of businesses located in Dallas and Northeast Texas. Businesses may engage in more than one type of business. The percent of time the business engages in a type of business is not accounted for. There is no known industry standard for the number of complaints a business can expect. The volume of business and number of transactions may have a bearing on the number of complaints received by BBB.
*Sethi Financial Group Inc. is in this range.
Types of Complaints Handled by BBB
BBB handles the following types of complaints between businesses and their customers so long as they are not, or have not been, litigated:
- Advertising or Sales
- Billing or Collection
- Problems with Products or Services
- Guarantee or Warranty
We do not handle workplace disputes, discrimination claims or claims about the quality of health or legal services.
Additional Phone Numbers
- Complaint resolved with BBB assistance
- BBB records show the issues raised in the complaint have been resolved. Either customer confirmed the complaint has been resolved, or business confirmed the complaint has been resolved and customer did not respond to BBB correspondence informing customer that complaint will be considered resolved unless BBB hears otherwise from customer.
- BBB found business made good faith effort to resolve complaint but customer not satisfied with business response
- BBB found that business adequately addressed the disputed issues and made a good faith effort to resolve them; however, customer has informed BBB that he/she is not satisfied with the outcome. In some cases, business may have agreed to mediate or arbitrate the complaint but customer declined to participate in mediation/arbitration.
- Customer not satisfied with business response; BBB did not find business made good faith effort to resolve complaint
- BBB did not find that business adequately addressed the disputed issues and made a good faith effort to resolve them, and customer has informed BBB that he/she is not satisfied with the outcome. In some cases, customer may have agreed to mediate or arbitrate the complaint but business declined to participate in mediation/arbitration.
- BBB did not receive a response from business
- BBB did not receive a response from business after two attempts to contact business, and BBB communications with customer do not show that business contacted customer to resolve the complaint.
- BBB cannot process complaint
- This includes situations where BBB cannot locate business, business is no longer in business, or business is in bankruptcy and complaints must be submitted through bankruptcy trustee.
BBB Complaint Process
Your complaint will be forwarded to the company within two business days. The company will be asked to respond within 14 days, and if a response is not received, a second request will be made. You will be notified of the company's response when we receive it (or notified that we received no response). Complaints are usually closed within 30 business days.
BBB began including the text of consumer complaints and business responses in BBB Business Reviews on 07/01/2013 for complaints filed on 01/01/2013 and thereafter. This includes all complaints that meet our reporting guidelines and that are filed electronically. We also report on the resolution of the complaint, as determined by BBB.
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BBB promotes truth in advertising by contacting advertisers whose claims conflict with the BBB Code of Advertising. These claims come to our attention from our internal review of advertising, consumer complaints and competitor challenges. BBB asks advertisers to prove their claims, change ads to make offers more clear to consumers, and remove misleading or deceptive statements.
What government actions does BBB report on?
BBB reports on known government actions that are relevant to the business's marketplace dealings with the public.
About BBB Business Review Content and Services
Some Better Business Bureaus offer additional content and services in BBB Business Reviews. The additional content and services are typically regional in nature or, in some cases, a new product or service that is being tested prior to a more general release. Not all enhanced content and services are available at all Better Business Bureaus.
On May 14, 2015, The Securities & Exchange Commission filed suit against Sethi Petroleum LLC, and Sameer P. Sethi, individually. This is a pending action.
The Security & Exchange Commission ("SEC") alleges that Sethi Petroleum LLC, and Sameer P. Sethi made material misrepresentations in the sale of securities in the Sethi-North Dakota Drilling Fund-LVIII Joint Venture to more than 90 investors in 28 states, raising approximately $4,000,000. The SEC further alleges that Sethi Petroleum and Mr. Sethi falsely represented to investors that 70% of their investment funds would be used for to acquire, drill and complete 20 oil and gas wells, falsely represented that investors could expect annual returns as high as 30-60%, falsely represented that Sethi Petroleum was partnered with "major oil and gas companies", falsely represented Mr. Sethi's business background, and failed to disclosed Mr. Sethi's criminal incarceration and prior state regulatory actions against Sethi Petroleum and Mr. Sethi.
The SEC alleges that these actions violated the antifraud provision of Section 17(a) of the Securities Act of 1933, and Section 10(b) and Rule 10B-5 of the Securities Exchange Act of 1934. The SEC further alleges that Mr. Sethi individually violated Sections 20(b) of the Securities Exchange Act and is liable as a control person under Section 20(a) for Sethi Petroleum's primary violations of Section 10(b) and Rule 10b-5 of the Securities Exchange Act.
For further information, please refer to -> http://www.sec.gov/litigation/litreleases/2015/lr23265.htm .