News & Publications

News Releases

Jan 17
2025

Texas joins Multiple States in $106 Million Restitution Settlement with Vanguard for Supervisory and Disclosure Failures

The Texas State Securities Board announced today that it joined a taskforce of state securities regulators and the United States Securities and Exchange Commission (SEC) in a $106 million restitution settlement with Vanguard Marketing Corporation (VMC) and The Vanguard Group, Inc. (Vanguard). The...
Jan 17
2025

Texas & Montana Lead Multiple States in $17 Million Settlement with Edward Jones for Supervisory Failures

The Texas State Securities Board announced today that it has joined a multi-state settlement with Edward D. Jones & Co., L.P. (Edward Jones) which will see Edward Jones pay $17 million in penalties for supervisory failures that affected main street investors. The four-year investigation was a...
Oct 10
2024

Commissioner Files Action Against Alleged Former GS Partners Agents - Parties Accused of Promoting New Crypto Scheme Issued by Trage Technologies

Securities Commissioner Travis J. Iles filed an Emergency Cease and Desist Order against Darrell Porter, a Minister from Killeen, Texas, and Eric Ture Muhammad, a purported “Wealth Minister” from Fairburn, Georgia. The order accused Porter and Muhammad of illegally and fraudulently offering...
All News Releases

Enforcement Actions: Administrative

Jan 17
2025

Order No. IC-25-CAF-01

In the Matter of Dealer Registration of Edward D. Jones & Co, L.P.: Agreed Order

Dec 19
2024

Order No. REG-24-CAF-09

In the Matter of the Investment Adviser Registration of The Pilot's Advisor, LLC: Reprimanded and Fined

Dec 2
2024

Order No. ENF-24-CDO-1888

In the Matter of Anthony Martinez: Agreed Order

All administrative actions

Enforcement Actions: Criminal & Civil

Oct 29
2021

Former Registered Securities Professional Entered a Plea to Securities Fraud and other Crimes

On October 29, 2021, Derrick R. Trussell (CRD No. 5197550) entered a plea of no contest to securities fraud, securing execution of a document by deception and misapplication of fiduciary property in Cause No. 2019-CR-5767B, in the 175th Judicial District Court of Bexar County, Texas. Trussell was...
Oct 28
2021

Warning to Victims of Rare Earth Exploration LLC, Bradley Sherman Haycraft and Timothy Taylor

The Texas State Securities Board is warning investors in Rare Earth Exploration LLC about a fake financial settlement scam involving the Gordon Black & Associates Law Firm and International Corporate Entity Inc. Scammers claiming to be employees of Gordon Black & Associates are contacting investors...
Oct 15
2021

Larry Steve Bassett - Indicted

On October 15, 2021, a grand jury sitting in Lee County, Texas, indicted Larry Steve Bassett for first-degree securities fraud, theft and money laundering. The charges relate to his alleged unlawful sale of investments in a trading program to 15 victims for approximately $1.5M. Bassett is accused of...
All civil & criminal actions

Publications

Texas Investor Guide Cover

Texas Investor Guide

Strategies for Investing Wisely and Avoiding Financial Fraud

Nest Egg, IRA, 401k, Money

Everyone's Investment Guide

A six-part online presentation covering Making Investments, the Principles of Investing, Investing for a Secure Retirement, Planning Withdrawals, and Avoiding Scams.

Cover

Financial Field Manual

A Personal Finance Guide for Military Families

All publications