News Releases

Dec 7
2017

North Texas Adviser Fined for Not Disclosing $192,000 in Tax Liens

Richard L. Havard , a registered investment adviser representative in the North Dallas suburb of Prosper, has been fined $7,500 and reprimanded for failing to disclose $192,573 in IRS tax liens.

Texas Securities Commissioner Travis J. Iles imposed the sanctions in a Disciplinary Order...

Dec 5
2017

Firms Urged to Use New Reporting Form for Suspected Financial Exploitation

The Texas State Securities Board has developed a form to help financial firms report critical information about the suspected financial exploitation of vulnerable adults.

Reporting this type of suspected financial exploitation is required under Section 45 of the Texas Securities Act ....

Dec 4
2017

Austin Real Estate Swindler Sentenced to 15 Years

James Elton “Jim” Warr of Austin, who promised guaranteed returns from investing in real estate, was sentenced to 15 years in state prison on Dec. 1 after his conviction in Travis County on four first-degree felony counts.

Warr, 69, stole $1.1 million from individuals who bought...

Enforcement Actions: Administrative

Dec 1
2017

Order No. REG17-CAF-07

In the Matter of the Investment Adviser Representation and the Agent Registration of Richard L. Havard: Fine, Reprimand

Oct 23
2017

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

Enforcement Actions: Criminal & Civil

Oct 2
2017

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
2017

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
2017

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...

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.