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Texas Securities Commissioner Travis J. Iles on Feb. 25 ordered Austin insurance agent Gary N. Beasley to stop offering promissory notes tied to a Philadelphia, Pa. company that has been sanctioned by two states and sued for predatory lending to small businesses.
According to the...
Woodland Resources LLC , the oil and gas company once led by a Fort Worth oilman with a history of regulatory sanctions and running companies into bankruptcy, paid a $20,000 fine to the state and will offer to refund $1.49 million to investors in two of its drilling projects.
Brett Pittsenbargar, an Austin insurance agent who allegedly sold $9.3 million in fraudulent investments, was arrested Feb. 19 to face first-degree felony charges of securities fraud , money laundering , and theft .
A Travis County grand jury's Feb. 4 indictment of Pittsenbargar was...
Next Financial Group Inc. of Houston agreed to refund $500,000 to customers of a former Texas agent who for five years moved clients in and out of high-cost mutual funds to generate commissions.
Next Financial Group also paid a $100,000 fine to the State of Texas for failing to properly...
About the Texas Securities Board
The State Securities Board is responsible for administering and enforcing the Texas Securities Act. The mission of the State Securities Board is to protect Texas investors. Consistent with that purpose, the Agency seeks to ensure a free and competitive securities market for Texas, increase investor confidence, and thereby encourage the formation of capital and the creation of new jobs in Texas.