Sep 12

State Securities Regulators Cite Top Compliance Violations by Broker-Dealers

Based on coordinated examinations of broker-dealers throughout the United States, the North American Securities Administrators Association (NASAA) has identified the top compliance violations and offered a series of recommended best practices for broker-dealers to improve their compliance...

Jun 27

Investor Alert: Entrepreneurs and Crowdfunding

Securities Commissioner John Morgan today urged small businesses and entrepreneurs to be aware of the potential regulatory pitfalls in "crowdfunding," an online money-raising strategy sanctioned by the federal Jumpstart Our Business Startups (JOBS) Act.

Through crowdfunding, individuals...

May 15

Investor Alert: Potential for Fraud in 'Crowdfunding'

The Texas State Securities Board today warned investors to consider the potential fraud in crowdfunding, an online money-raising strategy given new emphasis by the recent Jumpstart Our Business Startups (JOBS) Act.

Crowdfunding began as a way for the public to donate small amounts of...

Mar 1

Morgan Keegan Fined $678,390 for Deceit in Bond Funds

Morgan Keegan & Co. and an affiliate company will pay a fine of $678,390 to the State of Texas for failing to tell investors about the high-risk assets in seven of its bond funds.

A Consent Order entered by the Texas Securities Commissioner on Feb. 29 also found that Morgan Keegan...

Feb 1

Investor Alert: Chasing Yield

Following the Federal Reserve's announcement that interest rates are expected to remain at exceptionally low levels until at least late 2014, the Texas State Securities Board cautions investors to beware of risky or outright fraudulent investments promising higher yield or returns.