News Releases

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...

Mar 31
2017

Administrative Action Report Jan.-March 2017

The following are summaries of administrative actions and orders taken from Jan. 1 through March 31, 2017.

Robert Yrshus: Suspended, Fined

Texas Securities Commissioner John Morgan suspended the investment adviser representative registration of Robert Yrshus of Houston for 60 days and...

Mar 10
2017

Are You Cyber-Insecure? Resources for Investment Advisers

The Texas State Securities Board has published resources to assist state-registered investment advisory firms and other registered professionals in developing and strengthening cybersecurity plans.

“Cyberattacks are on the rise, and their scope and complexity mean state-registered...

Enforcement Actions: Administrative

Apr 10
2017

Order No. REG17-SUS-03

In the Matter of the Investment Adviser Representative Registration of Kermit Gordon Gable Jr.: Suspension

Apr 5
2017

Order No. REG17-CAF-02

In the Matter of the Agent Registration and Investment Adviser Representative Registration of Brad Cain: Fine, Reprimand

Feb 13
2017

Order No. REG17-CAF-01

In the Matter of the Investment Adviser Representative Registration of Robert Yrshus: Suspension, Fine, Registration Granted

Enforcement Actions: Criminal & Civil

Apr 11
2017

Robert A. Helms and Janniece S. Kaelin: Guilty Pleas

Robert Allen Helms and Janniece S. Kaelin pleaded guilty April 11 to federal charges of securities fraud, conspiracy to commit securities fraud, and mail fraud for swindling investors in companies that were supposedly purchasing oil and gas royalties.

Helms and Kaelin pleaded guilty...

Apr 7
2017

Mark Christopher Parman: Sentenced, 6 Years

Mark Christopher Parman of Frisco, who raised approximately $850,000 from investors in oil and gas projects, was sentenced to six years in state prison on April 7 after pleading guilty to securities fraud in the 199th State District Court in Collin County.

Parman sold interests in oil...

Mar 14
2017

Rodney Wagner, Roger Wagner: Sentenced, 4 Years Each

Twin brothers Rodney Wagner and Roger Wagner were each sentenced on March 8 to four years in federal prison after pleading guilty to conspiracy to commit wire fraud in a foreign currency trading operation. The Wagners were also ordered to pay $1.9 million in restitution to 91 investors in the...

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.