News Releases

Last week, Siddharth Jawahar was sentenced to 11 years in prison and ordered to pay $31.35 million in restitution for running a Ponzi scheme and defrauding investors in Texas and elsewhere out of millions of dollars. In 2022, staff of the Texas State Securities Board, revoked the registration of...

A federal jury in San Antonio has convicted Joshua Allen and Michael Cox, both of Lubbock, Texas, on all four felony counts charged against them for their roles in a multimillion-dollar investment fraud scheme involving Ferrum Capital and related entities. The convictions follow an extensive federal...

The Securities Commissioner of the Texas State Securities Board will hold a public hearing on the matter of the application for an approval of a stock exchange to be held on August 5, 2026. Click here to read the full release.

AUSTIN — The Texas State Securities Board has appointed Jeramy E. Heintz as Securities Commissioner, effective June 18, 2026. Heintz, a 12-year veteran of the agency, served as Director of Enforcement. Since joining the State Securities Board in 2013, he has advanced through a series of leadership...

AUSTIN, Texas – The Texas State Securities Board (TSSB) joins organizations across the nation in recognizing World Elder Abuse Awareness Day (WEAAD), an annual observance dedicated to raising awareness of the abuse, neglect, and financial exploitation of older adults. Financial exploitation...

AUSTIN, TEXAS — The Texas State Securities Board (“TSSB”) has entered an Emergency Cease and Desist Order against Lasater Capital, LLC, its principals Shiloh Boone Lasater and Tie Glenn Lasater, to stop the alleged offer and sale of securities through materially misleading statements and omissions...

AUSTIN, TEXAS — The Texas State Securities Board (“TSSB”) has entered an Emergency Cease and Desist Order against BG Wealth Sharing LTD and its affiliated cryptocurrency trading platform, DSJ Exchange, to stop an alleged cryptocurrency investment and multi-level marketing scheme that targeted Texas...

AUSTIN, Texas — June 1, 2026 — The Texas State Securities Board ("TSSB") has entered Emergency Cease and Desist Order No. ENF-26-CDO-1896 against E-Estate Group Inc., its principals Brandon Stephenson, Mike Hamilton, and Karoll Peterson, and Texas resident Darrell Porter for allegedly offering and...

AUSTIN, Texas — The Texas State Securities Board (“TSSB”) has entered an Emergency Cease and Desist Order against JoAriam, LLC and its founder and managing member, KaRhonda Jewell Bray, for allegedly offering unregistered securities tied to purported foreign exchange trading and leveraged banking...