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Learn the core four principles of investing

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.

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2020 Texas Investor Guide cover

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.govThe Investor Guide is also in Spanish.

The Latest News & Publications

Texas Leads Coordinated States Action to Stop Artificial Intelligence Investment Scam. The AI was Purportedly Endorsed by Elon Musk and Comparable To CHATGPT

Securities Commissioner Travis J. Iles entered an Emergency Cease and Desist Order to stop an investment scheme purportedly powered by artificial intelligence and endorsed by Elon Musk.  The Texas State Securities Board led a group of regulators that include the...

Texas Securities Board Enters Final Order Against Crypto Firm Nexo Capital, Inc.

On April 17, 2023, the Texas State Securities Board entered a final order against Nexo Capital Inc. (“Nexo”).  Nexo was organized as a Cayman Islands corporation and dealt in interest-bearing digital asset accounts.  Clients invested in the accounts by lending...

Texas Joins Multiple States In $10 Million Settlement With Robinhood for Failing Investors

The Texas State Securities Board announced today that it has joined a multi-state settlement with Robinhood Financial LLC, which will pay up to $10.2 million in penalties for operational and technical failures that harmed main street investors.

The settlement stems...

State Regulators Stop Fraudulent Artificial Intelligence Investment Scheme

Earlier today, the Texas State Securities Board joined the Alabama Securities Commission and the Montana Securities Commission in filing enforcement actions to stop a fraudulent artificial intelligence investment scheme.  The actions accuse YieldTrust.ai and Stefan Ciopraga of illegally soliciting investments...

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.

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