News Releases

May 8
2017

Order: Stock Scheme Promoters Impersonating Advisory Firm

Texas Securities Commissioner John Morgan entered an Emergency Cease and Desist Order on May 5 alleging that two investment promoters who are soliciting funds for a stock scheme are falsely claiming to be an existing investment advisory firm in Dallas.

According to the order, Raymond...

May 5
2017

Austin Concert Promoter's Encore: 10-Year Prison Sentence

One-time entertainment promoter David Elliott Rosen of Austin was sentenced to 10 years to prison on May 4 for for a nearly $2 million fraud based on the sale of investments in his concert-promotion business.

Rosen pleaded guilty to securities fraud in Travis County State District Court...

Apr 10
2017

Oil and Gas Promoter Sentenced to 6 Years

Years before Mark Christopher Parman of Frisco started selling investments in oil and gas projects, he had been sanctioned by regulators, ordered to pay $2 million in restitution to previous investors and clients, and filed for bankruptcy.

Now add convict to Parman’s resume. He was...

Enforcement Actions: Administrative

May 22
2017

Order No. ENF-17-CDO-1752

In the Matter of DBack Capital Inc. and Kenneth Edward Shelton: Agreed Cease and Desist Order

May 5
2017

Order No. ENF-17-CDO-1751

In the Matter of Raymond Hill, Mark Diaz, and Wales Marketing and Consultancy: Emergency Cease and Desist

May 4
2017

Order No. REG17-SUS-04

In the Matter of the Investment Adviser Representative Registration and the Agent Registration of Marie P. Goforth: Registration Granted; Suspension

Enforcement Actions: Criminal & Civil

May 10
2017

Juan Miguel López: Indicted

Juan Miguel López , the owner of Mito Financial LLC in Addison and affiliated companies, was arrested May 10 and faces charges of securities fraud, theft of property, and money laundering for allegedly defrauding individuals who invested millions of dollars in his companies. López had been...

May 5
2017

Allan George Cooper: Convicted

Allan George Cooper of Montgomery was convicted May 5 on charges of mail and wire fraud in connection with a $50 million investment scheme involving approximately 50 victims.

Cooper pleaded guilty to the charges in U.S. District Court for the Southern District of Texas. Sentencing is...

May 4
2017

David Elliott Rosen: Sentenced, 10 Years

Former entertainment promoter David Elliott Rosen of Austin was sentenced to 10 years to prison on May 4 for for a nearly $2 million fraud based on the sale of investments in his concert-promotion business.

Rosen pleaded guilty to securities fraud in Travis County State District Court....

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.