News Releases

Sep 6

'Unicorn' to Pay $1.2M in Restitution to Corpus Christi Woman

The Unicorn is paying the price for his financial crimes.

Nicholas Baratoff Jr. , a resident of the coastal village of Sea Cliff, N.Y., near New York City, paid $360,000 in restitution on Sept. 6 to an elderly Corpus Christi woman who invested in projects that were supposedly operated...

Aug 30

Investor Alert: Scammers and Hurricane Harvey

In the wake of the devastation wrought by Hurricane Harvey, the Texas State Securities Board is cautioning investors to watch out for opportunistic investment scams.

"We know from experience that disasters can bring out scammers who seek to profit from the misfortune of others,” Texas...

Enforcement Actions: Administrative

Jul 18

Order No. IC17-CAF-03

In the Matter of the Investment Adviser Registration of Michael Keith Parish: Suspension, Fine

Jun 21

Order No. REG17-CAF-05

In the Matter of the Agent Registration of Trevor M. Carney: Fine, Reprimand

Jun 19

Order No. IC17-CAF-02

In the Matter of the Investment Adviser Registration of Provident Capital Management Inc.: Suspension, Fine

Enforcement Actions: Criminal & Civil

Jul 6

Jeffrey Ray Filla: 10 Years Probation

Jeffrey Ray Filla of Richmond on July 6 was sentenced to 10 years deferred adjudication and ordered to pay $807,054 in restitution to investors in his commodities trading program.

Filla pleaded guilty to misapplication of fiduciary property in Fort Bend County District Court. He was...

Jun 29

Arthur P. Wilson: Sentenced, 8 Years

Arthur P. Wilson of Addison, who sold approximately $400,000 in fraudulent investments in non-existent oil and gas drilling projects, pleaded guilty to securities fraud and was sentenced to eight years in state prison on June 29 in Collin County State District Court.

Wilson, the founder...

Jun 29

Timothy Eugene White: Indicted

Timothy Eugene White of San Angelo was charged with seven counts of theft on June 29 in the 340th District Court of Tom Green County for allegedly stealing at least $517,000 through the sale of investment units in a private sports games company.

White was arrested in late July in Tom...


Salute to Smart Investing cover

A Salute to Smart Investing

To help active military members achieve financial security, Salute covers investment "basic training," retirement planning, avoiding scams – and much more


It's Your Financial Life cover

It's Your Financial Life

Young workers of the world, invest! Your Financial Life cuts through the thicket of financial jargon and products as you begin managing your own finances.