News Releases

Mar 10

Are You Cyber-Insecure? Resources for Investment Advisers

The Texas State Securities Board has published resources to assist state-registered investment advisory firms and other registered professionals in developing and strengthening cybersecurity plans.

“Cyberattacks are on the rise, and their scope and complexity mean state-registered...

Feb 23

Financial Guidance for the Military

Military Saves Week is Feb. 27 through March 4, and the Texas State Securities Board continues to offer a resource-packed financial guide to help members of our military make confident, informed financial decisions.

A Salute to Smart Investing provides active military members with the...

Jan 24

It's Back: Your Guide to Safer and Smarter Investing

You asked, we answered. The State Securities Board’s flagship publication, the Texas Investor Guide: Strategies for Investing Wisely and Avoiding Financial Fraud , is back in stock, updated for 2017, and available for free.

The Investor Guide provides unbiased, straightforward...

Enforcement Actions: Administrative

Feb 13

Order No. REG17-CAF-01

In the Matter of the Investment Adviser Representative Registration of Robert Yrshus: Suspension, Fine, Registration Granted

Jan 5

Order No. ENF-17-CDO-1750

In the Matter of BP Financial & Tax Design Group and Brett Pittsenbarger:  Cease and Desist

Dec 30

Order No. REG16-CAF-05

In the Matter of the Investment Adviser Representative Registration and the Agent Registration of Bruce Russell Clark: Registrations Granted; Reprimand; Fine

Enforcement Actions: Criminal & Civil

Mar 14

Rodney Wagner, Roger Wagner: Sentenced, 4 Years Each

Twin brothers Rodney Wagner and Roger Wagner were each sentenced on March 8 to four years in federal prison after pleading guilty to conspiracy to commit wire fraud in a foreign currency trading operation. The Wagners were also ordered to pay $1.9 million in restitution to 91 investors in the...

Mar 10

Dean Lester Springer: Sentenced, 12 Months and 1 Day

Dean Lester Springer of Palm Desert, Calif., was sentenced on Feb. 24 to one year and one day in federal prison for helping to defraud investors who bought interests in shipping containers. Springer, who had earlier pleaded guilty to one count of securities fraud, was sentenced in the U.S....

Feb 27

Patrick Lee Downing: 10 Years Probation

Patrick Lee Downing of Mesquite pleaded guilty to securities fraud and theft in Dallas County State District Court on Feb. 27 for defrauding investors in and oil and gas drilling venture. Downing was sentenced to 10 years probation and ordered to a total of $162,500 in restitution.



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.