News Releases

Brazos Securities Inc. of Dallas will pay a $20,000 fine to the State of Texas and pay $32,569 to a client who was charged excessive fees after being moved to an investment advisory account at the firm. The Disciplinary Order , which Texas Securities Commissioner Travis J. Iles entered Nov. 5...

Texas Securities Commissioner Travis J. Iles entered a Disciplinary Order on Nov. 5 that levied a $25,000 fine on Trade-PMR Inc. , a provider of brokerage and technology services, for failing to know that two investment advisers using its services were not registered to render investment advice in...

The North American Securities Administrators Association (NASAA) today released its annual enforcement report, which shows a reversal in a recent trend as more enforcement actions were taken in 2017 against unregistered individuals or firms than registered members of the securities industry. In its...

Texas Securities Commissioner Travis J. Iles on Oct. 10 took emergency action against a financial firm that is promising investors of limited financial means that it can produce huge returns from investments in foreign currency trading, real estate, and oil and gas. The Securities Commissioner...

The following are summaries of administrative actions the Texas State Securities Board took from July 1 through Sept. 30, 2018: Sunlight Investments: Fine, Reprimand Texas Securities Commissioner Travis J. Iles levied a $15,000 fine against Sunlight Investments of Katy for rendering services as an...

Texas Securities Commissioner Travis J. Iles took emergency action Sept. 18 to stop the fraudulent offerings of investments in three separate schemes involving cryptocurrencies. Commissioner Iles entered separate emergency cease and desist orders against Coins Miner Investment Ltd. , a...

U.S. state and Canadian securities regulators, continuing their crackdown on questionable cryptocurrency-related investments, have taken 47 enforcement actions against fraudulent investment promoters and opened more than 200 investigations since May 1. The North American Securities Administrators...

Gabriel Claudio Jr., who stole millions of dollars from clients of his illegitimate financial services firm in Corpus Christi, was sentenced to 25 years in state prison on Aug. 7 and ordered to pay $2,795,254 in restitution to investors. Claudio was sentenced in the 79th District Court of Jim Wells...

Texas Securities Commissioner Travis J. Iles entered an Emergency Cease and Desist Order August 6 against a computer repairman who transferred nearly $28,000 from a financial account of an 88-year-old resident of Del Rio. The cease and desist order is the first action taken by the Securities...

Everett Craig Williams was sentenced to 20 years in state prison on July 18 and ordered to pay $189,000 in restitution to investors in a fraudulent real estate program with victims in Nueces, Collin, and Harris counties. Judge Bobby Galvan of the 94th State District Court of Nueces County sentenced...