For Professionals & the Industry
Registration of Dealers & Investment Advisers
Regulation of Securities Offerings
For Investors
Learn the CORE FOUR
Learning about investing starts with the CORE FOUR: Making Investments, Investing for Retirement, Choosing a Financial Professional, and Scams & Unsuitable Investments. All are available in Spanish.
Order the 2019 Texas Investor Guide
The Texas Investor Guide is fresh, factual, and fully updated for 2019 with information to help investors at all stages of life learn to invest wisely and avoid financial fraud. For free copies, provide a mailing address to relder@ssb.texas.gov. The Investor Guide is available in Spanish.
The Latest News & Publications
Galveston Oilman Sentenced to 18 Years for Defrauding Investors
Daniel Christopher Walsh , a Galveston oilman who made money by keeping investor funds in his pockets – not in the ground, drilling wells –was sentenced to 18 years in state prison on July 12 after reaching a plea agreement in his fraud trial in Wichita County.
Walsh pleaded guilty to...
Clear Enough? Houston Adviser Fined for Violating Plain Language Rule
Grove Capital Management Inc . paid a $5,000 fine and has been ordered to improve its compliance procedures after failing for eight years to use a form designed to provide disclosures to clients in plain language.
Texas Securities Commissioner Travis J. Iles on July 9 entered a...
Metals.com to Offer Full Refunds to Texas Investors in Deal Likely to Exceed $10 Million
Metals.com , a firm accused of convincing older Texans to liquidate securities held with registered investment firms and use the proceeds to buy precious metals, has agreed to offer a full refund to 84 Texas investors.
The amount of refunds will be made public once all investors have...
Gusher of Debt: Texas Oilman Concealing Bankruptcies, Fraud, Sanctions
In soliciting Texans for investments in oil wells promising annualized returns of up to 70%, Michael E. Patman of Woodland Resources LLC is touting his decades of earning profits for investors through oil and gas drilling programs.
Patman’s public record, however, shows a gusher of debt...
About the Texas Securities Board
Our Mission
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.
