News Releases

Texas Securities Commissioner Travis J. Iles on May 8 entered two emergency actions against unregistered promoters who are fraudulently offering high-return investments in programs tied to cryptocurrencies. According to the orders, Bitcoin Trading & Cloud Mining Ltd. also known as BTCRUSH, and Forex...

The Enforcement Division of the Texas State Securities Board found widespread fraud in cryptocurrency offerings during a four-week investigation of investment offerings that were tied to virtual currencies. The full results are in the 14-page report Enforcement Report: Widespread Fraud Found in...

Texas Securities Commissioner Travis J. Iles on April 5 entered an Emergency Cease and Desist Order against a convicted felon who is offering investments in two things that usually don’t go together: a cryptocurrency trading program and a marijuana growing operation. According to the order, the...

The Texas State Securities Board took the following administrative actions from Jan. 1 through March 31, 2018: Bitconnect: Cease and Desist The Texas Securities Commissioner on Jan. 4 entered an Emergency Cease and Desist Order to halt the multiple investment programs operated by BitConnect, an...

The Texas Securities Commissioner last week brought an emergency action against cryptocurrency firm LeadInvest , an offshore entity that claims it is advised by Supreme Court Justice Ruth Bader Ginsburg and three former U.S. Solicitors General. Commissioner Travis J. Iles entered the Emergency Cease...

The chief executive officer of an Austin-area cryptocurrency investment firm has agreed to stop offering for sale any security in Texas until the firm complies with state registration requirements. Texas Securities Commissioner Travis J. Iles on Feb. 15 entered an Order in which Daniel Neves , the...

Learning about investing starts with the Core Four. Core what? Hey, good question. The answer is found in four new PDFs from the Texas State Securities Board. They explain the core principles of smart investing — whether you invest on your own or want to hire a financial professional — and they make...

Texas Securities Commissioner Travis J. Iles on Feb. 9 entered an Emergency Cease and Desist Order against two Dallas men who are soliciting $4.4 million for an oil and gas project without disclosing their history of unpaid tax liens and allegations of fraud. The order names Jason A. Gilbert and...

Texas Securities Commissioner Travis J. Iles on Feb. 2 entered an Emergency Cease and Desist Order against DavorCoin , an entity offering investments in a cryptocurrency lending program in Texas. The emergency order found that DavorCoin is telling investors they can earn lucrative profits by...

In 2017, the Texas State Securities Board took enforcement actions in cases ranging from millions of dollars in oil-and-gas fraud to an emergency order that led a cryptocurrency promoter to shutter its sales operations in North America. In criminal actions, the State Securities Board assisted in the...