News & Publications

News Releases

Jul 16
2025

Joshua Allen, Michael Cox, and Brooklynn Chandler Willy Indicted on Federal Charges

On July 2, 2025, a federal grand jury returned an indictment, recently unsealed, charging Joshua Allen of Lubbock, Texas, Michael Cox of Lubbock, Texas, and Brooklynn Chandler Willy, of San Antonio, Texas, each with one count of conspiracy to commit wire fraud, one count of conspiracy to commit...
Jun 9
2025

Texas Joins Multiple States in Multimillion-Dollar Settlement Related to Unreasonable Commissions

The Texas State Securities Board announced today that it has joined a multi-state settlement with five firms after reviewing the firms’ practices of charging unreasonable commissions to retail customers on small-dollar transactions. Texas, along with Alabama, Iowa, Massachusetts, Missouri, Montana...
Apr 4
2025

Josip Heit’s Latest Alleged Fraud Case Set for April 8, 2025

In September 2024, the Texas State Securities Board settled its allegations against Josip Heit and various other respondents often referred to as GSB Group or GSB Germany. The parties executed a term sheet that required Heit and other respondents, in part, to return all deposits, less withdrawals...
All News Releases

Enforcement Actions: Administrative

Jul 2
2025

Order No. ENF-25-CDO-1890

In the Matter of Ofir Bunker dba Prestige Equity aka Prestige Equity LLC: Agreed Order

Apr 30
2025

Order No. IC-25-SUS-03

In the Matter of the Investment Adviser Registration of Advue Capital, LLC and the Investment Adviser Representative Registration of Sebastian Agudeloisaza: Suspended, Undertaking, and Cease and Desist Order

Apr 4
2025

Notice of Hearing: Apertum Foundation and Josip Heit

Notice of Hearing filed in SOAH Docket No. 312-25-16274, Texas State Securities Board v. The Apertum Foundation and Josip Heit.
All administrative actions

Enforcement Actions: Criminal & Civil

Jul 16
2025

Joshua Allen, Michael Cox, and Brooklynn Chandler Willy Indicted on Federal Charges

On July 2, 2025, a federal grand jury returned an indictment, recently unsealed, charging Joshua Allen of Lubbock, Texas, Michael Cox of Lubbock, Texas, and Brooklynn Chandler Willy, of San Antonio, Texas, each with one count of conspiracy to commit wire fraud, one count of conspiracy to commit...
Oct 29
2021

Former Registered Securities Professional Entered a Plea to Securities Fraud and other Crimes

On October 29, 2021, Derrick R. Trussell (CRD No. 5197550) entered a plea of no contest to securities fraud, securing execution of a document by deception and misapplication of fiduciary property in Cause No. 2019-CR-5767B, in the 175th Judicial District Court of Bexar County, Texas. Trussell was...
Oct 28
2021

Warning to Victims of Rare Earth Exploration LLC, Bradley Sherman Haycraft and Timothy Taylor

The Texas State Securities Board is warning investors in Rare Earth Exploration LLC about a fake financial settlement scam involving the Gordon Black & Associates Law Firm and International Corporate Entity Inc. Scammers claiming to be employees of Gordon Black & Associates are contacting investors...
All civil & criminal actions

Publications

Texas Investor Guide Cover

Texas Investor Guide

Strategies for Investing Wisely and Avoiding Financial Fraud

Nest Egg, IRA, 401k, Money

Everyone's Investment Guide

A six-part online presentation covering Making Investments, the Principles of Investing, Investing for a Secure Retirement, Planning Withdrawals, and Avoiding Scams.

Cover

Financial Field Manual

A Personal Finance Guide for Military Families

All publications