News Releases

Lyle Boudreaux of Houston, Texas consented to the denial of his registration as an investment adviser and agent with the Securities Commissioner. The denial is part of a consent order that Texas Securities Commissioner, Travis J. Iles, entered on December 1, 2020.

From February 2016...

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...

Securities Commissioner Travis J. Iles announced a series of enforcement actions against fifteen fraudulent online investment scammers.

The first emergency cease and desist order names ten internet investment platforms and links one individual - James Blundell - to the scheme to broadly...

(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...

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...

Texas Securities Commissioner Travis J. Iles entered an Emergency Cease and Desist Order against Devon Tyler Shigaki, a resident of the State of Washington. Shigaki controls TradeMining, Inc., and they are accused of illegally soliciting Texas residents to purchase a fraudulent investment tied...

Kim Diane Butler, of Mt. Enterprise Texas, agreed to the revocation of her license as an investment adviser representative with the Securities Commissioner. The revocation is part of a disciplinary order that Texas Securities Commissioner, Travis J. Iles entered on September 9, 2020.

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Cybercriminals, hackers and other malicious online actors present a variety of threats to the public. They’re continuously perpetrating new types of phishing and spoofing scams and developing upgraded trojans, keyloggers, ransomware and other forms of destructive software. These threats are...

MONTGOMERY, ALABAMA AND AUSTIN, TEXAS (August 14, 2020) - The Texas State Securities Board (TSSB) and the Alabama Securities Commission (ASC) issued emergency cease and desist orders simultaneously to Liquid Gold Trust, Liquidity Card Solution LLC, Liquidity Global...

Securities Commissioner Travis J. Iles entered an order finding that Georgetown resident Randall “Randy” Johnson engaged in an illegal and fraudulent offering of investments tied to medical devices.

The order also found Johnson engaged in a scheme to obstruct the investigation of the...

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...

Texas Securities Commissioner Travis J. Iles entered an Emergency Cease and Desist Order against Emilio “Mike” Barrera, Jr., a McKinney resident now wearing a monitoring device while on house arrest, from allegedly promoting a fraudulent nationwide oil investment scheme.

Barrera, who was...