News Releases

Texas Securities Commissioner Travis J. Iles reprimanded Michael C. De Pippo of Conroe after finding that De Pippo violated his firm’s procedures by failing to fully inform clients about the risks of certificates of deposit whose returns depend on the performance of certain stocks or market indexes...

The alleged cryptocurrency trading scheme perpetrated by Nickolas Steele, aided by his CryptoFacts Facebook page, should be shut down as an immediate danger to Texas residents, according to an Emergency Cease and Desist Order entered May 15. The State Securities Board order targets a cryptocurrency...

Lorintine Capital LP, a Dallas investment adviser, was fined $10,000 for charging performance-based fees to clients whose net worth wasn’t high enough for them to be charged the fees. Lorintine Capital was also reprimanded as part of a Disciplinary Orde r entered by Texas Securities Commissioner...

Texas State Securities Board news, investor alerts, and operational updates related to the pandemic are available on our COVID-19 News & Updates page. COVID-19 News & Updates will be reguarly updated and includes: News releases on enforcement actions and other measures being taken to combat...

The national association for state securities regulators on April 28 announced the formation of the COVID-19 Enforcement Task Force to identify and stop potential threats to investors stemming from the COVID-19 pandemic. The task force will work with the U.S. state and Canadian provincial securities...

UPDATE: U.S. District Judge Lee Yeakel on May 7 granted the federal government’s application for a preliminary injunction in the case. U.S. District Judge Lee Yeakel on April 23 issued a temporary restraining order to shut down the website of an entity that is allegedly pretending to be an Austin...

Texas Securities Commissioner Travis J. Iles on April 17 entered an emergency action to stop a supposed foreign currency trader from soliciting Texas residents with the claim they can “profit off the coronavirus with forex.” According to the Emergency Cease and Desist Order , Georgia resident...

The sharp decline in oil prices has sent the worldwide energy market into a tailspin. But according to a Texas State Securities Board emergency action, West Texas oilman Kenneth Wayne Wooldridge is telling investors he can earn profits at almost any price. According to an Emergency Cease and Desist...

A cryptocurrency mining company is promising to double investors’ money in one year while also claiming to contribute money to UNICEF to “fight COVID-19,” according to an emergency action the Texas State Securities Board took April 8. According to the Emergency Cease and Desist Order , Ultra BTC...

Texas Securities Commissioner Travis J. Iles took emergency action on April 3 to stop the offering of a purported foreign currency trader promising a “safe haven” investment in a time when world markets are roiled by the COVID-19 pandemic. According to the Emergency Cease and Desist Order , Florida...