News Releases

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...

Securities Commissioner Travis J. Iles entered an Emergency Cease and Desist Order to stop a newly incorporated local firm from fraudulently soliciting investments in managed forex accounts.

The order names KP Financials, LLC, from Austin, Texas. The firm was incorporated in June 2020,...

On November 10, Brian Keith Alfaro, from San Antonio, was sentenced to serve 121 months in federal prison. The sentence follows a jury finding him guilty of seven counts of mail fraud in connection with defrauding investors in an oil and gas investment scheme. The evidence showed Brian Alfaro...

Brooklynn Chandler Willy of San Antonio, Texas, agreed to a one-year suspension of her license as an investment adviser representative with the Securities Commissioner and to pay back $2.75 million of commissions she received for the sale of alternative investments. The suspension and return of...

John Stuart, the sole owner and investment adviser representative of Ironwood Wealth Management, LLC agreed to a three-month suspension of his and his firm’s license with the Securities Commissioner. The suspension is part of a disciplinary order that Texas Securities Commissioner, Travis J....

Texas Attorney General Ken Paxton and the Texas State Securities Board joined the Commodity Futures Trading Commission (CFTC) and 29 other states in a complaint , filed in the Northern District of Texas, against TMTE Inc. aka Metals.com, Chase Metals Inc., Chase Metals LLC, Barrick Capital Inc...

Securities Commissioner Travis J. Iles entered an Emergency Cease and Desist Order against Forex Birds, LTD and PEK Universe for fraudulently offering online investments tied to forex and cryptocurrencies. The action also named Kumar Babu Bondesi and Darwin Eric Balusek – the who uses the...

A working interest in an oil and gas prospect that provides “annuity-like” payments? It’s a deceptive securities offering, according to an emergency cease and desist order entered by Securities Commissioner Travis J. Iles.

Energy Investment Partners LLC, a Dallas company, and John Robert...

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...

Securities Commissioner Travis J. Iles brought an emergency action to stop Mind Capital OÜ aka Mind Capital Tech SL, a Spanish and Estonian domiciled company, from illegally promoting a cryptocurrency investment pyramid scheme in Texas.

According to the order, investors purchase MCcoin...

Texas Securities Commissioner Travis J. Iles entered an emergency action to stop Mirror Trading International PTY LTD, a South African international, multilevel marketing get-rich-quick scheme. He also cited four of its stateside, multilevel marketing agents, accusing them of illegally...

The North American Securities Administrators Association (NASAA) today updated the status of the work of the COVID-19 Enforcement Task Force, consisting of state and provincial securities regulators, to identify and stop potential threats to investors stemming from the pandemic.

Since...