News Releases

Mar 5

Ruth Bader Ginsburg Did Not Approve This Message

The Texas Securities Commissioner last week brought an emergency action against cryptocurrency firm LeadInvest , an offshore entity that claims it is advised by Supreme Court Justice Ruth Bader Ginsburg and three former U.S. Solicitors General.

Commissioner Travis J. Iles entered the...

Feb 15

Austin Crypto-Investing Firm Signs Compliance Order

The chief executive officer of an Austin-area cryptocurrency investment firm has agreed to stop offering for sale any security in Texas until the firm complies with state registration requirements.

Texas Securities Commissioner Travis J. Iles on Feb. 15 entered an Order in which Daniel...

Feb 14

Do You Know the 'Core Four' of Investing?

Learning about investing starts with the Core Four.

Core what?

Hey, good question.

The answer is found in four new printable PDFs from the Texas State Securities Board. They explain the core principles of smart investing — whether you invest on your own or want to hire a...

Enforcement Actions: Administrative

Feb 26


In the Matter of Leadinvest: Emergency Cease and Desist Order

Feb 15

Order No. ENF-18-CDO-1759

In the Matter of Investors of Crypto LLC and Daniel Neves: Agreed Cease and Desist Order

Feb 9

Order No. ENF-18-CDO-1758

In the Matter of SourceRock Energy Phoenix Prospect LP; SourceRock Energy GP LLC; SourceRock Energy Partners LP; J.A. Gilbert AKA Jason A. Gilbert; and Parker Hallam: Emergency Cease and Desist Order


Enforcement Actions: Criminal & Civil

Jan 18

Robert James Nelson: 10 Years Deferred Adjudication

Robert James Nelson of Prosper pleaded guilty in Collin County State District Court to third-degree felony theft for his role in a fraudulent oil and gas scheme was sentenced to 10 years deferred adjudication and ordered to pay restitution of $306,250. Nelson paid $165,000 in restitution prior...

Jan 18

Charles McAllister: Indicted

Charles McAllister of Austin was indicted Jan. 18 on wire fraud and related charges for allegedly defrauding investors in Bullion Direct Inc., a precious metals company he founded.

The indictment seeks a monetary judgment of $16.1 million against McAllister, the sum of the money he...

Dec 1

James Elton Warr: Sentenced, 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...


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.