News Releases

Apr 5

Investor Alert: Pension Advance Scams

If you are receiving regular payments from your pension, keep an eye out for sales pitches that ask you to trade the stability of those payments for the opportunity to make a quick buck.

The come-on will probably be as subtle as a used-car ad: Are you earning a pension from your former employer 

Apr 1

Austin Forex Trader Ordered to Stop Fraudulent Offering

Texas Securities Commissioner John Morgan on March 30 entered an Emergency Cease and Desist Order requiring David Del Castillo of Austin to stop offering for sale investments in a foreign exchange trading operation.

Del Castillo promoted his supposed expertise in forex trading –...

Mar 30

Perpetrator of $37M Real Estate Fraud Sentenced to 19 Years

Derek A. Nelson ’s Garland-based real-estate investment program promised huge profits, with little risk, from the business of buying and renovating distressed properties.

Distress, yes: Investors poured approximately $37 million into the promissory notes Nelson sold to purportedly fund...

Enforcement Actions: Administrative

May 23

Order No. REG16-SUS-01

In the Matter of the Investment Adviser Representative Registration of Robert Michael Kuhn: Suspension, Fine

May 23

Order No. IC16-CAF-09

In the Matter of the Investment Adviser Registration of Post Oak Investment Management Inc.: Reprimand, Fine, Undertaking

May 12

Order No. IC16-CAF-08

In the Matter of the Investment Adviser Registration of Fuller Capital Management: Reprimand, Fine

Enforcement Actions: Criminal & Civil

Apr 19

Robert B. Hahn: Sentenced, 3 Years

The office of U.S. Attorney John M. Bales of the Eastern District of Texas on April 19 announced that Robert Hahn , a former insurance agent in Tyler, was sentenced to three years in federal prison for wire fraud and money laundering.

Hahn collected $5.4 million from investors who were...

Feb 2

Robert A. Helms, Janniece S. Kaelin: Indicted

Robert Allen Helms and Janniece S. Kaelin were indicted Feb. 2 in U.S. District Court in Austin on conspiracy, securities fraud, and wire fraud charges based on their sales of investments in oil and gas royalties.

Helms and Kaelin operated their company as a Ponzi scheme, according to...

Jan 29

James Dean French: Indicted

James Dean French of Kennedale was indicted Jan. 29 in Harris County State District Court on a charge of securities fraud in connection with the sale of fractionalized interests in an oil well drilling enterprise in Jones County called the Swede Church Development Project.

According to...


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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