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 2020 Texas Investor Guide
Order the 10th anniversary edition of the Texas Investor Guide: Strategies for Investing Wisely and Avoiding Financial Fraud. For free copies, provide a mailing address to txig@ssb.texas.gov. The Investor Guide is also in Spanish.
The Latest News & Publications
Texas Stops Fraudulent “Amazon Store” E-Commerce Partnership Scheme
Securities Commissioner Travis J. Iles filed an emergency action to stop a fraudulent investment scheme tied to an online liquidation business based in Austin.
The order accuses Christopher Koozekanani of illegally marketing “secured” partnership interests issued by Prime Liquidators –...
No Reasonable Basis. No Registration. Commissioner Denies Adviser’s Registration Due to Unsuitable Trading in leveraged ETFs
Lyle Boudreaux of Houston, Texas consented to the denial of his registration as an investment adviser and agent with the Securities Commissioner. The denial is part of a consent order that Texas Securities Commissioner, Travis J. Iles, entered on December 1, 2020.
From February 2016...
Wilson Alejandro Montoya: Arrested, Indictments Unsealed
Wilson Alejandro Montoya was arrested last week. He was previously indicted by a grand jury in Dallas County, but the charges were sealed pending his arrest. The indictments are now public.
Montoya is charged with securities fraud, theft and money laundering . According to the securities...
Texas Stops Far-Reaching Online Forex Trading Scheme
Securities Commissioner Travis J. Iles entered an Emergency Cease and Desist Order to stop an aggressive online forex scheme from defrauding the public.
The order found Ameral and TradeGo Forex Exchange have published more than 250 advertisements in craigslist, a popular online...
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.