News Releases

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...

Texas Securities Commissioner Travis J. Iles entered an Emergency Cease and Desist Order against Coinvaultpro, accusing it of illegally and fraudulently offering cryptocurrency mining investments to Texas residents.

According to the order, investors can register accounts through...

Texas Securities Commissioner Travis J. Iles entered an Emergency Cease and Desist Order to stop a white-collar criminal from promoting a fraudulent forex and binary options scheme targeting Texas investors.

According to the order, Florida resident Stephen Charles Peterson controls...

Texas Securities Commissioner Travis J. Iles reprimanded Michael C. De Pippo of Conroe after finding that De Pippo violated his firm’s procedures by failing to fully inform clients about the risks of certificates of deposit whose returns depend on the performance of certain stocks or market...

Lorintine Capital LP, a Dallas investment adviser, was fined $10,000 for charging performance-based fees to clients whose net worth wasn’t high enough for them to be charged the fees.

Lorintine Capital was also reprimanded as part of a Disciplinary Orde r entered by Texas Securities...

The national association for state securities regulators on April 28 announced the formation of the COVID-19 Enforcement Task Force to identify and stop potential threats to investors stemming from the COVID-19 pandemic.

The task force will work with the U.S. state and Canadian...

Texas Securities Commissioner Travis J. Iles on April 17 entered an emergency action to stop a supposed foreign currency trader from soliciting Texas residents with the claim they can “profit off the coronavirus with forex.”

According to the Emergency Cease and Desist Order , Georgia...