News Releases

Aug 15
2016

15-Year Sentence for $5 Million Stock-Trading Scam

Enticed by the promise of quick profits, investors in and around the small South Texas town of Alice sunk at least $5 million into Michael Anthony Collins ’ stock-trading operation only to see their money stolen outright or used to fund a Ponzi scheme.

Collins pleaded guilty to charges...

Aug 15
2016

Emergency Action Filed Against Dallas-Area Investment Promoter

Texas Securities Commissioner John Morgan entered an Emergency Cease and Desist Order on Aug. 15 that requires Bobby Eugene Guess , an unregistered investment promoter, to stop engaging in fraud in marketing promissory notes tied to a wide array of businesses.

The emergency order cites...

Jun 30
2016

Administrative Action Report: April-June 2016

The following are summaries of administrative actions and orders taken from April 1 through June 30, 2016.

Fuller Capital Management: Fine, Reprimand

Texas Securities Commissioner John Morgan on May 11 entered a Disciplinary Order that reprimanded and fined Fuller Capital Management of...

Enforcement Actions: Administrative

Aug 15
2016

Order No. ENF-16-CDO-1746

In the Matter of Texas First Financial LLC; Bobby Eugene Guess: and Mechanical Motion Solutions LLC: Emergency Cease and Desist Order

Aug 9
2016

SOAH Docket No. 312-16-5589

In the Matter of the Investment Adviser Registration of Lawrence Allen Deshetler DBA Partners Investment Advisors: Notice of Hearing to Revoke Registration

Aug 8
2016

Order No. IC16-CAF-14

In the Matter of the Investment Adviser Registration of Valor Capital Asset Management LLC: Reprimand, Fine

Enforcement Actions: Criminal & Civil

Aug 11
2016

Michael Anthony Collins: Sentenced, 15 Years

Michael Anthony Collins pleaded guilty to charges of securities fraud, theft, and money laundering and was sentenced to 15 years on each count on Aug. 11 in Jim Wells County State District Court. The sentences will run concurrently.

Collins was also ordered to pay restitution of $3...

May 26
2016

Nicholas Baratoff: Indicted

Nicholas Baratoff Jr. was indicted on May 26 in Nueces County State District Court on two counts of misapplication of fiduciary property and one count of theft.

Baratoff operated an investment fraud in Nueces County from 2008 to 2015, according to the indictment. He allegedly sold...

May 24
2016

Allan George Cooper: Indicted

Allan George Cooper of Houston was arrested May 24 and charged with wire fraud and mail fraud in a $5 million investment fraud involving at least 50 victims.

According to the U.S. Attorney's Office for the Southern District of Texas, a federal grand jury returned the indictment of...

Publications

Texas Investor Guide

Our flagship publication, providing time-tested strategies for investing wisely and avoiding the devastating effects of financial fraud.

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