News Releases

Jan 18
2017

Year In Enforcement: 2016 Criminal and Administrative Cases

The State Securities Board assisted in the prosecution of investment fraud cases in 2016 that resulted in prison sentences totaling 82 years and $17.9 million in orders of restitution for investors.

In addition, investigations resulted in the indictment of 13 individuals in nine Texas...

Dec 30
2016

Administrative Action Report: Oct.-Dec. 2016

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

Bruce Russell Clark: Reprimand, Fine

Texas Securities Commissioner John Morgan entered a Disciplinary Order Dec. 30 that levied a $5,000 fine and reprimanded Bruce Russell Clark of...

Dec 20
2016

Guess What? Dallas-Area Investment Promoter Arrested in $6 Million Fraud

Bobby Eugene Guess, who promoted himself as a financial maven through radio advertising and investment seminars in the Dallas-Fort Worth area, was arrested Dec. 19 following his indictment on charges related to the multi-million-dollar sale of investments in an Internet advertising company....

Enforcement Actions: Administrative

Jan 5
2017

Order No. ENF-17-CDO-1750

In the Matter of BP Financial & Tax Design Group and Brett Pittsenbarger:  Cease and Desist

Dec 30
2016

Order No. REG16-CAF-05

In the Matter of the Investment Adviser Representative Registration and the Agent Registration of Bruce Russell Clark: Registrations Granted; Reprimand; Fine

Enforcement Actions: Criminal & Civil

Dec 20
2016

John Patrick Acord: Sentenced, 5 Years

John Patrick Acord was sentenced to five years in federal prison on Dec. 20 and ordered to pay $8.2 million in restitution after pleading guilty to securities fraud in U.S. District Court for the Southern District in Houston.

Acord was the chief financial officer of Intermodal Wealth...

Dec 5
2016

Reynaldo Peralez: Indicted

Reynaldo Peralez of San Antonio was indicted Dec. 5 by a Bexar County grand jury for securing the execution of a document by deception to perpetrate an investment fraud.

According to the indictment, from 2009 to 2010 Peralez raised $39,000 from one investor in five separate transactions...

Nov 17
2016

Timothy Lloyd Booth: Indicted

Timothy Lloyd Booth of Plano was indicted for securities fraud and other charges in connection with raising $6.3 million from investors in StaMedia Inc. of Dallas, an internet advertising company, and spending some of the funds on luxury automobiles and other personal expenses.

Booth...

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Texas Investor Guide

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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