News Releases

May 15
2020

Order Seeks to Lower Curtain on Nick Steele & TheCryptoFacts

The alleged cryptocurrency trading scheme perpetrated by Nickolas Steele, aided by his CryptoFacts Facebook page, should be shut down as an immediate danger to Texas residents, according to an Emergency Cease and Desist Order entered May 15.

The State Securities Board order targets a...

May 14
2020

Dallas Adviser Lorintine Fined $10,000 for Charging Performance-Based Fees

Lorintine Capital LP, a Dallas investment adviser, was fined $10,000 for charging performance-based fees to clients whose net worth wasn’t high enough for them to be charged the fees.

Lorintine Capital was also reprimanded as part of a Disciplinary Orde r entered by Texas Securities...

May 1
2020

COVID-19 News and Updates

Texas State Securities Board news, investor alerts, and operational updates related to the pandemic are available on our COVID-19 News & Updates page.

COVID-19 News & Updates will be reguarly updated and includes:

News releases on enforcement actions and other measures being...
All News Releases

Enforcement Actions: Administrative

May 15
2020

Order No. ENF-20-CDO-1804

In the Matter of Nickolas Steele AKA Nick Vop Steele AKA Nick Steele: Emergency Cease and Desist Order

May 14
2020

Order No. IC20-CAF-03

In the Matter of the Investment Adviser Registration of Lorintine Capital LP: Fine, Reprimand

Apr 17
2020

Order No. ENF-20-CDO-1803

In the Matter of Kenzley Ramos AKA Anthony David "Tony" Mckinney AKA Anthony Green: Emergency Cease and Desist Order

All administrative actions

Enforcement Actions: Criminal & Civil

Mar 27
2020

William Neil 'Doc' Gallagher: Sentenced to 25 Years, $10.3 Million Restitution

William Neil “Doc” Gallagher, the self-styled "Money Doctor" who advertised frequently on Christian radio in North Texas, was sentenced to 25 years in state prison on March 27 and ordered to pay $10,386,816 in restitution to the victims of the long-running fraud he operated from his retirement...

Feb 19
2020

Brett Pittsenbargar: Indicted

Brett Pittsenbargar , an Austin insurance agent who allegedly sold $9.3 million in fraudulent investments, was arrested Feb. 19 to face first-degree felony charges of securities fraud , money laundering , and theft .

A Travis County grand jury's Feb. 4 indictment of Pittsenbargar was...

Feb 13
2020

Brian Keith Alfaro: Convicted

A federal jury in San Antonio on Feb. 13 found Brian Keith Alfaro guilty of seven counts of mail fraud in connection with defrauding investors in Primera Energy LLC , the oil and gas exploration company he owned.

Alfaro's sentencing is scheduled for June 22.

The 2018 indictment...

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