News & Publications

News Releases

Sep 17
2021

Securities Commissioner Stops Illegal Bank Leveraged Forex Program

Securities Commissioner Travis J. Iles entered an emergency cease and desist order to stop Graco Commercial Capital, LLC, and Raymond V. Grant from illegally offering investments in a bank leveraged forex trading program. Grant and Graco Commercial, operating from Greeley, Colorado, are accused of...
Sep 16
2021

Texas Securities Board Stops Another Online Impersonation Scam

Securities Commissioner Travis J. Iles entered an emergency cease and desist order to stop Riek Capital from illegally promoting fraudulent investments in trading programs. The order also accuses the company of engaging in an impersonation scheme – alleging Riek Capital is misappropriating the...
Sep 15
2021

Securities Commissioner Files Action to Stop Plantersville Crypto Promoter

Securities Commissioner Travis J. Iles filed an emergency cease and desist order against Immortal Assets and its owner, Michael Wichkoski. The parties, purportedly operating from Plantersville, Texas, are accused of promoting an illegal cryptocurrency trading program. The order accuses respondents...
All News Releases

Enforcement Actions: Administrative

Sep 17
2021

Notice of Hearing filed against Celsius Network, INC., Celsius Network Limited, Celsius US Holding, LLC, Celsius Network, LLC, and Celsius Lending, LLC

The Notice of Hearing was filed at the State Office of Administrative Hearings. For inquiries contact Joe Rotunda, Director of Enforcement, by email at jrotunda@ssb.texas.gov or by telephone at 512-305-8392.

Sep 17
2021

Order No. ENF-21-CDO-1850

In the Matter of Graco Commercial Capital, LLC and Raymond V. Grant: Emergency Cease and Desist Order

Sep 16
2021

Order No. ENF-21-CDO-1849

In the Matter of Riek Capital aka Riek Capital Investment aka Riek Capital Distributors, LLC; Joshua Oj Robertson; Nicolai A. Andresen; Robert Costomoris; Katherine C.B. Cullum; Steve Welch; Jeffery T. Winter; Marcos D. Leon; John M. Willock; and Gareth M. Cope: Emergency Cease and Desist Order

All administrative actions

Enforcement Actions: Criminal & Civil

Jul 29
2021

Time Out for Joseph Seth Foster – Oil and Gas Investment Scheme Halted

Joseph Seth Foster, a former licensed agent from Lubbock, was convicted for operating a fraudulent oil and gas scheme. On July 29th, he was sentenced to serve two 11-year prison terms in state prison for each charge of securities fraud and theft. The sentences will run concurrently. The evidence...
Jul 27
2021

Recidivist Brad Haycraft Indicted in Helium Well Investment Scheme

Bradley Sherman Haycraft, 48, was indicted by a grand jury in Collin County. He was charged with illegally selling investments in the Petrified Forest Prospect, a helium well project in the Petrified Forest National Park in Arizona. He was recently arrested on the charges. The Securities...
Jun 8
2021

Richard Gregory Tilford: Convicted

On June 8, 2021, Richard Gregory Tilford, from Arlington, was sentenced to serve 40 years in state prison for engaging in a fraudulent digital marketing investment scheme. He was also sentenced to serve 10 years in prison for each of six counts of selling unregistered securities and 10 years in...
All civil & criminal actions

Publications

Texas Investor Guide Cover

Texas Investor Guide

Strategies for Investing Wisely and Avoiding Financial Fraud

Nest Egg, IRA, 401k, Money

Everyone's Investment Guide

A six-part online presentation covering Making Investments, the Principles of Investing, Investing for a Secure Retirement, Planning Withdrawals, and Avoiding Scams.

Cover

Financial Field Manual

A Personal Finance Guide for Military Families

All publications