News Releases

Texas Securities Commissioner Travis J. Iles entered a Disciplinary Order on Jan. 30 that suspended Jason N. Anderson , a Beaumont investment adviser representative, for charging unreasonable fees to clients. The order suspended Anderson for 90 days. It also granted the registration application of...

Texas Securities Commissioner Travis J. Iles entered an Emergency Cease and Desist Order Jan. 24 against R2B Coin , a Hong Kong-based company selling investments tied to a cryptocurrency called r2b coin, promising investors that the digital currency will soon be one of the world’s most valuable. The...

It's here: the 2018 edition of the Texas Investor Guide: Strategies for Investing Wisely and Avoiding Financial Fraud . As always, the new Investor Guide is fully updated to provide you with the latest information for smart and safe investing. The 2018 edition includes new material on finding a...

The Texas Securities Commissioner has entered an Emergency Cease and Desist Order to halt the multiple investment programs operated by BitConnect, an overseas company that claims a market share of $4.1 billion for its cryptocurrency coins. BitConnect is soliciting investors for cryptocurrency-based...

Texas Securities Commissioner Travis J. Iles last week revoked the investment adviser registration of Irving-based Jackson Financial Services after its president, David Jackson , repeatedly refused to turn over emails regarding his solicitation of clients. The Disciplinary Order, entered Dec. 29...

The following are summaries of the administrative actions taken by the State Securities Board from Oct. 1 through Dec. 31, 2017. Jackson Financial Services: Revoked Texas Securities Commissioner Travis J. Iles revoked the investment adviser registration of Irving-based Jackson Financial Services on...

Texas Securities Commissioner Travis J. Iles entered an Emergency Cease and Desist Order Dec. 20 against USI-Tech Limited, an overseas firm that is promising low-risk, triple-digit returns from investments tied to Bitcoin mining. The enforcement staff of the State Securities Board presented evidence...

Richard L. Havard , a registered investment adviser representative in the North Dallas suburb of Prosper, has been fined $7,500 and reprimanded for failing to disclose $192,573 in IRS tax liens. Texas Securities Commissioner Travis J. Iles imposed the sanctions in a Disciplinary Order entered Dec. 1...

The Texas State Securities Board has developed a form to help financial firms report critical information about the suspected financial exploitation of vulnerable adults. Reporting this type of suspected financial exploitation is required under Section 45 of the Texas Securities Act . Section 45 was...

James Elton “Jim” Warr of Austin, who promised guaranteed returns from investing in real estate, was sentenced to 15 years in state prison on Dec. 1 after his conviction in Travis County on four first-degree felony counts. Warr, 69, stole $1.1 million from individuals who bought investment contracts...