News Releases

Securities Commissioner Travis J. Iles announces the entry of an emergency cease and desist order against EscoCapital, an online cryptocurrency investment firm accused of illegally targeting persons adversely impacted by COVID-19. According to the order, EscoCapital and Anthony Jerome aka Anthony...

The Texas State Securities Board is warning investors about unregistered online platforms defrauding the public through the sale of so-called “investment plans.” These investment plans often sound appealing – they tend to be tied to blockchain technology, artificial intelligence or foreign currency...

Securities Commissioner Travis J. Iles entered an emergency cease and desist order to stop offers of a fraudulent cryptocurrency trading program in Texas. The action names Bitles Limited and Janis Lacis, its principal, and C3 Data Services and Edward Carter, its principal. Bitles and Lacis are...

On February 24, 2021, Dennis Keith Sanders, from Brenham, Texas, pleaded guilty to first degree securities fraud, theft, and money laundering. He was ordered to serve ten years of deferred adjudication community supervision, conditioned on his payment of more than $400,000 in restitution. The...

Independent Financial Group, LLC, as part of a Consent Order that Texas Securities Commissioner, Travis J. Iles entered on April 1, 2021, agreed to refund $276,398.42 to the customers of a former Texas-based representative who implemented a high-risk trading strategy in leveraged exchange-traded...

Securities Commissioner Travis J. Iles entered an emergency cease and desist order against Larry Scott Rogers, from Montgomery and Conroe, Texas. The order accuses him of illegally and fraudulently offering securities to Texans. The order also names D&S Recruiting DBA Legacy Leads, a business...

Securities Commissioner Travis J. Iles entered an emergency cease and desist order against DailyForex247, an online investment platform, and Ghulam Wardag, its senior account manager. The order accuses the parties of perpetrating an online scam tied to forex trading and cryptocurrency mining...

Securities Commissioner Travis J. Iles entered a pair of emergency cease and desist orders targeting three unregistered online cryptocurrency and alternative asset investment platforms. The actions stop illegal so-called get-rich-quick schemes fraudulently touting the payment of significant returns...

A publication of the Texas State Securities Board March 15, 2021 The State of Texas and other state securities regulators and enforcement agencies, along with the Commodity Futures Trading Commission, recently filed a joint civil enforcement action against Metals.com, Tower Equity, Chase Metals...

Securities Commissioner Travis J. Iles filed an emergency action to stop a fraudulent investment scheme tied to an online liquidation business based in Austin. The order accuses Christopher Koozekanani of illegally marketing “secured” partnership interests issued by Prime Liquidators – an online...