News Releases

Impersonating Texas companies, for example Tesla Inc., isn't the best of ideas— Emergency Cease and Desist Order . In an unrelated order, Masterworks Administrative Services, LLC, resolved its prior activities by agreeing to comply with securities law requirements and paying an administrative fine—...

Securities Commissioner Travis J. Iles issued an Emergency Cease and Desist Order to halt a fraudulent MLM scheme that purportedly offered investments in cloud mining cryptocurrency. The order outlines the use of deceptive image and video manipulation techniques and the employment of actors to...

The Texas State Securities Board on May 9 approved the appointment of Cristi Ramón Ochoa as Deputy Securities Commissioner. Ramón Ochoa joined the State Securities Board in 2016 where she served as a staff attorney in the Inspections and Compliance Division. “Cristi has a wealth of experience that...

THE ORDER ACCUSES BILLIONICO CEO FRANK DEYLE OF BEING A MEMBER OF THE ADVISORY BOARD OF SWISS VALOREM BANK, AN ORGANIZATION RECENTLY NAMED IN A FINAL ENFORCEMENT ACTION Securities Commissioner Travis J. Iles entered an Emergency Cease and Desist Order to stop an international multilevel marketing...

Securities Commissioner Travis J. Iles entered an Emergency Cease and Desist Order to stop a fraudulent securities scheme that allegedly spoofs an unrelated third party.

Securities Commissioner Travis J. Iles entered a settlement in principle with a group of affiliated companies commonly known as Abra.

The Texas State Securities Board is pleased to announce it has joined a multi-state settlement with Raymond James & Associates, Inc. and Raymond James Financial Services, Inc. (collectively, “Raymond James”). The settlement comes as the result of an investigation into the company’s practices of...

Today, the Securities Commissioner entered an order fining a Corpus Christi-based agent $25,000 for selling an unapproved cryptocurrency to his brokerage clients. From in or about July 2017 through 2022, Jaime Rios, a registered agent of Money Concepts Capital Corp., engaged in outside business...

Commissioner Travis J. Iles Announces Actions to Stop Two Artificial Intelligence Schemes An action was filed against 9xProfits Limited, Lucas Morris and others that allegedly offered investments that purportedly paid fixed, lucrative returns – in some cases, as high as 1.5% per day. According to...