Nov 24
2020

Texas Stops Far-Reaching Online Forex Trading Scheme

Securities Commissioner Travis J. Iles entered an Emergency Cease and Desist Order to stop an aggressive online forex scheme from defrauding the public.

The order found Ameral and TradeGo Forex Exchange have published more than 250 advertisements in craigslist, a popular online...

Nov 24
2020

Commissioner Stops Fraudulent Scheme Promoted to Reddit Users

Securities Commissioner Travis J. Iles entered an Emergency Cease and Desist Order to stop a fraudulent scheme promoted through Reddit, a popular social media platform. Reddit permits users to share links, text posts, and images, and to correspond through private messages. It is one of the most...

Oct 22
2020

Texas Stops Nationwide Telemarketing Fine Wine Brokerage Scheme

(October 22, 2020) Securities Commissioner Travis J. Iles entered an Emergency Cease and Desist Order to shut down an illegal bait-and-switch scheme involving fine wines. The order names Charles Winn, LLC, a UK firm falsely claiming to be in the United States, and seven sales...

Oct 2
2020

State Securities Regulators Release Annual Enforcement Report

On September 23, the North American Securities Administrators Association (NASAA) released its annual enforcement report, which shows increasing numbers of investigations and enforcement actions taken by state securities regulators to protect investors and maintain the integrity of the nation’s...

Aug 6
2020

Consent Order Entered Resolving Unregistered Activity

The State Securities Board and Solium Financial Services, LLC resolved the firm’s unregistered dealer activity over an extended period of time with the entry of a consent order . Solium agreed to comply with the provisions of Section 12.A of the Texas Securities Act .

This matter was...

Jul 9
2020

Houston May Have a Problem…

The Texas State Securities Board issued two emergency cease and desist orders against firms and individuals claiming to provide lucrative investment opportunities in international cryptocurrency trading platforms that trade bitcoin and mine cryptocurrency. The subjects of the orders purport to...

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