For Professionals & the Industry
Registration of Dealers & Investment Advisers
Regulation of Securities Offerings
For Investors
Learn the CORE FOUR
Learning about investing starts with the CORE FOUR: Making Investments, Investing for Retirement, Choosing a Financial Professional, and Scams & Unsuitable Investments. All are available in Spanish.
Order the 2020 Texas Investor Guide
Order the 10th anniversary edition of the Texas Investor Guide: Strategies for Investing Wisely and Avoiding Financial Fraud. For free copies, provide a mailing address to txig@ssb.texas.gov. The Investor Guide is also in Spanish.
The Latest News & Publications
Former San Antonio-based Investment Adviser Pleads Guilty to Ten Felony Counts in Connection to Scheme Which Defrauded Texas Investors
AUSTIN, Texas — The Texas State Securities Board (TSSB) announced today its assistance to federal law enforcement authorities in an investment fraud case involving a former San Antonio-based financial adviser who has pleaded guilty to multiple felony counts.
The case...
Texas Deputy Securities Commissioner Orders Refund and Sanctions Firm and its Agents for Sales of GWG L Bonds
AUSTIN, Texas — Earlier today, Deputy Securities Commissioner for the state of Texas, Cristi R. Ochoa, issued three orders against Landolt Securities, Inc., Ting Chen, and Wang Chang Tsai (“Respondents”) for failures in supervising the sale of GWG...
McLennan County Grand Jury Indicts Two in Alleged Ponzi Scheme Involving KS Cartel, LLC
Austin, Texas — Christian Kranenberg and Sebastian Silea were indicted by a McLennan County Grand Jury on March 19, 2026, on charges of misapplication of fiduciary property and money laundering in connection with an alleged Ponzi scheme operated through their...
Texas State Securities Board Enters Consent Order with Voyager Digital Entities
AUSTIN, Texas — March 23, 2026 — The Texas State Securities Board announced today the entry of a Consent Order dated March 20, 2026, resolving allegations against Voyager Digital Ltd., Voyager Digital Holdings, Inc., and Voyager Digital, LLC (collectively, Voyager)...
About the Texas Securities Board
Our Mission
The State Securities Board is responsible for administering and enforcing the Texas Securities Act. The mission of the State Securities Board is to protect Texas investors. Consistent with that purpose, the Agency seeks to ensure a free and competitive securities market for Texas, increase investor confidence, and thereby encourage the formation of capital and the creation of new jobs in Texas.
