News Releases

Texas Securities Commissioner Travis J. Iles took emergency action on March 7 to stop Randall Johnson , the president of a Georgetown wellness company, from fraudulently offering investments in a machine that Johnson claims to be “the most advanced early screening system” for primary care physicians...

Utah-based firms that illegally sold unregistered cryptocurrency-mining investments paid a $25,000 fine to the State of Texas and will offer Texas residents full repayment of any money they invested. Under the terms of a Feb. 21 Order , NUI Social LLC, Mintage Mining LLC, and related companies will...

When it comes to investing, blind faith can be very expensive. The State Securities Board Enforcement Report for 2018 , released Feb. 7, highlights cases in which individuals took it on faith that they were putting their money into legitimate investments managed by legitimate executives. Instead...

The Securities and Exchange Commission has sued three individuals for operating a complex web of real estate development companies in North Texas that defrauded investors of at least $44 million. The SEC civil action , filed in U.S. District Court in Dallas on Jan. 25, follows criminal cases that...

The 2019 edition of the Texas Investor Guide is here, so the sooner you order copies the sooner you'll be able to start the new year with the unbiased, no-nonsense guidance you need to invest wisely and avoid financial fraud. Regardless of income, age, or overall fiscal health, the Investor Guide is...

The following are summaries of administrative actions the Texas State Securities Board took from Oct. 1 through Dec. 31, 2018: GoForex Group AKA Go Forex Group, Mary A. Scott, and Sharon Henderson: Emergency Cease and Desist Order Texas Securities Commissioner Travis J. Iles on Oct. 10 entered an...

A fraudulent notice that falsely claims to be from the Texas State Securities Board is telling people they can receive partial refunds of their investment in BitConnect , an overseas cryptocurrency company, by completing a refund form and submitting a $250 fee. "This false page is an attempt to...

Texas Securities Commissioner Travis J. Iles entered an emergency action Nov. 27 to stop an investment offering by a cryptocurrency promoter who previously sold a digital currency that lost 99% of its value. The Emergency Cease and Desist Order alleges that Mark Steven Royer of Del Mar, Calif., is...

Phillip Michael Carter of Frisco was arrested Nov. 13 to face state fraud charges in connection with raising $17.5 million from nearly 100 Texas investors – many of them elderly – for real estate development projects in North Texas. Shelley Noel Carter , Phillip Carter’s wife, was charged with money...

Texas Securities Commissioner Travis J. Iles has entered emergency actions against promoters of cryptocurrency mining investments who are aggressively recruiting sales agents through LinkedIn, Facebook, and other online marketing channels. The Securities Commissioner entered emergency cease and...