News Releases

Apr 18
2019

Mind Your P's: Investment Pitches, People, and Products to Avoid

This Investor Alert is based on the State Securities Board's updated report on Scams and Unsuitable Investments

Certain types of investments—even if they are legitimate—should always raise red flags. If an investment seems overly complicated, promises large returns with minimal risk, or...

Apr 11
2019

LPL Pays $450,000 to Texas for Selling Unregistered Securities

LPL Financial LLC will pay a $450,000 fine to the State of Texas and repurchase certain securities it sold to investors, Texas Securities Commissioner Travis J. Iles announced April 11.

The Consent Order with Texas is part of national settlement between state securities regulators and...

Apr 10
2019

Order: Crypto and Forex Firm Trading Mostly in Falsehoods

Texas Securities Commissioner Travis J. Iles took emergency action April 9 to stop an international offering of cryptocurrency and foreign currency investments by a company using a phony address and falsely claiming it is registered as a broker-dealer and investment adviser.

The...

All News Releases

Enforcement Actions: Administrative

Apr 9
2019

Order No. ENF-19-CDO-1776

In the Matter of FxBitGlobe AKA FX Bit Globe Limited AKA FxBitGlobe Trading Company FKA Fidelity Trading Company: Emergency Cease and Desist Order

Apr 1
2019

Order No. REG19-CAF-03

In the Matter of the Investment Adviser Registration of Integrity RIA LLC: Fine, Reprimand

All administrative actions

Enforcement Actions: Criminal & Civil

Mar 12
2019

William Neil Gallagher: Indicted

William Neil “Doc” Gallagher , who promoted his investment business on Christian radio and in books like “Jesus Christ, Money Master,” was arrested March 8 on first-degree state felony charges of securities fraud and money laundering in Dallas County. Prosecutors disclosed the arrest on March...

Feb 19
2019

Christopher Matthew Meredith: Indicted

Christopher Matthew Meredith was indicted Feb. 19 in the U.S. District Court for the Western District of Texas on charges that he defrauded individuals in Brenham who invested in a company Meredith said would open medical marijuana dispensaries in conjunction with the federal government....

Dec 17
2018

James A. Reid: Indicted

A Travis County grand jury on Dec. 17 indicted James A. Reid , a former stockbroker in Austin, on first-degree felony charges of securities fraud, money laundering, and theft in connection with a short-term investments fund he operated at his company, Reid Capital LLC .

Reid sold...

All civil & criminal actions

Publications

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.

All publications