News & Publications

News Releases

Dec 8
2025

Texas Securities Commissioner Refutes Claims Made in Connection with Attorney General’s EPIC City Lawsuit

On December 5, 2025, a Fox News Article was published falsely asserting that “Texas Securities Commissioner Travis Iles claimed the East Plano Islamic Center (EPIC) entities sold securities without meeting registration or exemption requirements and referred the matter to the Office of the Attorney...
Dec 5
2025

Texas State Securities Board Urges Texans to Stay Vigilant: Don’t let Fraudsters Ruin Your Holidays

As the holiday season kicks off, the Texas State Securities Board wants to caution Texans—investment scams and financial fraud increase during this season. Increases in online shopping, social media advertising, charitable donations, financial transactions using P2P platforms like Venmo and Zelle...
Nov 20
2025

Order Issued by TSSB Commissioner Approving NYSE Texas as a Stock Exchange

The Texas Securities Board order approving NYSE Texas, Inc. (NYSE Texas) as a recognized and responsible exchange may be found here.

All News Releases

Enforcement Actions: Administrative

Oct 9
2025

Order No. IC-25-REV-05

In the Matter of the Investment Adviser Registration of Smith Wealth Advisors, LLC and the Investment Adviser Representative Registration of Ronald Dewayne Smith, Jr.

Sep 5
2025

Order No. ENF-25-CDO-1892

In the Matter of Alan Shield, Jr.: Agreed Cease and Desist Order

Aug 13
2025

Order No. IC-25-CAF-04

In The Matter of the Dealer Registration of Vanguard Marketing Corporation and the Investment Adviser Registration of The Vanguard Group, Inc.: Cease & Desist and Undertaking
 

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