News Releases

Nov 15

Clinton Edgar Named Deputy Securities Commissioner

The Texas State Securities Board on Nov. 14 approved the appointment of Clinton Edgar as Deputy Securities Commissioner.

Edgar joined the State Securities Board in 2010. He has served as a staff attorney in the Inspections and Compliance Division and in 2016 he became the Director of the...

Nov 2

Houston Adviser Who Preyed on Elderly Sentenced to 5 Years

Lawrence Allen DeShetler , an investment adviser in The Woodlands, convinced five clients – two of whom were in their 80s – to cash out legitimate investments and transfer the money to him so he could get them higher returns.

DeShetler instead deposited the money into bank accounts...

Oct 24

Houston-Area Adviser Suspended 90 Days, Firm Fined $15,000

Texas Securities Commissioner Travis J. Iles on Oct. 23 entered a Disciplinary Order that suspended investment adviser John Michael McDonough for 90 days and fined 212 Advisory Group LLC $15,000 for violating a previous agreement regarding securities regulations.

The Securities...

Enforcement Actions: Administrative

Oct 23

Order No. IC17-CAF-04

In the Matter of the Investment Adviser Registration of 212 Advisory Group LLC and the Investment Adviser Representative Registration of John McDonough: Suspension, Fine

Jul 18

Order No. IC17-CAF-03

In the Matter of the Investment Adviser Registration of Michael Keith Parish: Suspension, Fine

Jun 21

Order No. REG17-CAF-05

In the Matter of the Agent Registration of Trevor M. Carney: Fine, Reprimand

Enforcement Actions: Criminal & Civil

Oct 2

Robert A. Helms, Janniece S. Kaelin: Sentenced, 78 Months

U.S. District Judge Lee Yeakel on Oct. 2 ordered Austin attorney Robert Allen Helms and his business partner, Janniece S. Kaelin , to pay $29 million in restitution to investors in the pair's oil-and-gas royalties scam.

Yeakel previously sentenced Helms and Kaelin to 78 months in federal...

Sep 6

Nicholas Baratoff Jr.: 5 Years Probation, Restitution

Nicholas Baratoff Jr. , a resident of the coastal village of Sea Cliff, N.Y., near New York City, paid $360,000 in restitution on Sept. 6 to an elderly Corpus Christi woman who invested in projects that were supposedly operated by a company with the French name of La Licorne SA. In English, it...

Jul 6

Jeffrey Ray Filla: 10 Years Probation

Jeffrey Ray Filla of Richmond on July 6 was sentenced to 10 years deferred adjudication and ordered to pay $807,054 in restitution to investors in his commodities trading program.

Filla pleaded guilty to misapplication of fiduciary property in Fort Bend County District Court. He was...


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