News Releases

Years before Mark Christopher Parman of Frisco started selling investments in oil and gas projects, he had been sanctioned by regulators, ordered to pay $2 million in restitution to previous investors and clients, and filed for bankruptcy. Now add convict to Parman’s resume. He was sentenced to six...

The following are summaries of administrative actions and orders taken from Jan. 1 through March 31, 2017. Robert Yrshus: Suspended, Fined Texas Securities Commissioner John Morgan suspended the investment adviser representative registration of Robert Yrshus of Houston for 60 days and fined Yrshus...

The Texas State Securities Board has published resources to assist state-registered investment advisory firms and other registered professionals in developing and strengthening cybersecurity plans. “Cyberattacks are on the rise, and their scope and complexity mean state-registered professionals...

Military Saves Week is Feb. 27 through March 4, and the Texas State Securities Board continues to offer a resource-packed financial guide to help members of our military make confident, informed financial decisions. A Salute to Smart Investing provides active military members with the knowledge and...

You asked, we answered. The State Securities Board’s flagship publication, the Texas Investor Guide: Strategies for Investing Wisely and Avoiding Financial Fraud , is back in stock, updated for 2017, and available for free. The Investor Guide provides unbiased, straightforward information on the...

Most New Year's lists of the financial variety are inflicted on the public for no apparent reason. No one consistently predicts the direction of the stock market or can tell you the 10 Best Mutual Funds to buy or which mattresses will best conceal your cash. The Texas State Securities Board’s list...

The State Securities Board assisted in the prosecution of investment fraud cases in 2016 that resulted in prison sentences totaling 82 years and $17.9 million in orders of restitution for investors. In addition, investigations resulted in the indictment of 13 individuals in nine Texas counties and...

The following are summaries of administrative actions and orders taken from Oct. 1 through Dec. 30, 2016. Bruce Russell Clark: Reprimand, Fine Texas Securities Commissioner John Morgan entered a Disciplinary Order Dec. 30 that levied a $5,000 fine and reprimanded Bruce Russell Clark of Longview for...

The following are public documents in the State of Texas criminal case against Bobby Eugene Guess and the Texas State Securities Board's proceedings against Texas First Financial LLC; Bobby Eugene Guess; Mechanical Motion Solutions LLC; and related parties. Criminal Case Affidavit for Evidentiary...

Bobby Eugene Guess, who promoted himself as a financial maven through radio advertising and investment seminars in the Dallas-Fort Worth area, was arrested Dec. 19 following his indictment on charges related to the multi-million-dollar sale of investments in an Internet advertising company. A Collin...