Mealey's (December 5, 2018, 2:10 PM EST) -- NEW ORLEANS — A Fifth Circuit U.S. Court of Appeals panel on Dec. 4 ruled that a federal district court did not err in finding that interests held in a seller of purported oil and gas joint ventures qualified as securities and that, as a result, a federal district court properly granted the Securities and Exchange Commission’s summary judgment motion against the seller on federal securities law claims against him (Securities and Exchange Commission v. Sameer P. Sethi, No. 17-41022, 5th Cir., 2018 U.S. App. LEXIS 34125)....