News Releases

May 23

Houston Investment Adviser Sanctioned for Violations of 'Custody Rule'

Texas Securities Commissioner John Morgan on May 23 entered a Consent Order against Post Oak Investment Management Inc. , a Houston investment adviser.

Post Oak Investment Management paid a $1,000 fine and was reprimanded for violating the State Securities Board’s “custody rule,” which...

Apr 5

Investor Alert: Pension Advance Scams

If you are receiving regular payments from your pension, keep an eye out for sales pitches that ask you to trade the stability of those payments for the opportunity to make a quick buck.

The come-on will probably be as subtle as a used-car ad: Are you earning a pension from your former employer 

Apr 1

Austin Forex Trader Ordered to Stop Fraudulent Offering

Texas Securities Commissioner John Morgan on March 30 entered an Emergency Cease and Desist Order requiring David Del Castillo of Austin to stop offering for sale investments in a foreign exchange trading operation.

Del Castillo promoted his supposed expertise in forex trading –...

Enforcement Actions: Administrative

Jul 27

Order No. IC16-SUS-12

In the Matter of the Dealer and Investment Adviser Registrations of Michael Jason Gamez: Suspension

Enforcement Actions: Criminal & Civil

May 26

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

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...

May 11

Richard Leal Ferguson: Indicted

Richard Leal Ferguson of Harlingen, a two-time convicted felon, was indicted May 11 in Cameron County on charges of securities fraud and theft for allegedly stealing more than $100,000 from investors for a small-business loan program.

Ferguson sold investments in "fast track loan...


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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