News Releases

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...

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...