News Releases

Feb 15
2018

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
2018

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...

Feb 12
2018

Dallas Promoters Ordered to Stop $4M Oil and Gas Offering

Texas Securities Commissioner Travis J. Iles on Feb. 9 entered an Emergency Cease and Desist Order against two Dallas men who are soliciting $4.4 million for an oil and gas project without disclosing their history of unpaid tax liens and allegations of fraud.

The order names Jason A....

Enforcement Actions: Administrative

Feb 15
2018

Order No. ENF-18-CDO-1759

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

Feb 9
2018

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
2018

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...

Dec 1
2017

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...

Nov 1
2017

Lawrence Allen DeShetler: Sentenced, 5 Years

Lawrence Allen DeShetler , an investment adviser in The Woodlands, was sentenced to five years in federal prison on Nov. 1 after pleading guilty in June to federal mail fraud charges.

DeShetler convinced five clients – two of whom were in their 80s – to cash out legitimate investments...

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

 

Building Wealth

Personal finance education from the Dallas Federal Reserve that presents an overview of wealth-building strategies for consumers, teachers, and students