News Releases

State securities regulators said Thursday that victims of investment fraud should be extremely careful when approached by companies -- known as third-party asset recovery firms -- promising to help them recover their money or bring the perpetrator to justice.

A third-party asset recovery...

The Texas State Securities Board’s new website is designed to provide the investing public and industry professionals more efficient ways to access the most relevant content.

The site offers new ways to stay connected to the State Securities Board, including Twitter ( @TxSSB ), and...

The North American Securities Administrators Association (NASAA) reported that senior investors continue to be a primary target for fraudulent investment pitches. In its 2015 Enforcement Report on 2014 Data , released Sept. 22, NASAA, based in Washington, D.C., reported that affinity fraud and...

WFG Investments Inc. of Dallas was reprimanded and fined $175,000 for failing to determine whether the sales of alternative investments exposed clients to excessive risk.

The Disciplinary Order , entered Sept. 3 by Securities Commissioner John Morgan, found that WFG violated the...

TD Ameritrade Inc. on July 27 agreed to pay a $300,000 fine to the State of Texas for failing to enforce procedures related to notification of wire transfers from certain customer accounts.

Ameritrade provides brokerage services to retail investors through its Retail division as well as...

Kenneth Wayne Graves, a former investment adviser representative in Corpus Christi whose license to sell securities was revoked last year by the Texas Securities Commissioner, has been indicted in Nueces County on fraud and other charges related to the sale of investment contracts to his clients...

Jeffrey Ray Filla was arrested April 6 after having been indicted in Fort Bend County on securities fraud and other charges stemming from his sale of investments in Prophecy Fund LP, a commodities trading program whose collapse he tried to conceal with false financial statements and...

Alberto Alba Villarreal , who testified in court that he had previously earned $20,000 a month as a consultant for insurance and other businesses in Mexico and the United States, was sentenced to five years in prison Jan. 16 after being convicted of theft of property for stealing money that was...

The Texas Securities Commissioner on Dec. 11 entered an Emergency Cease and Desist Order against Clifton Curtis Sneed Jr. of Cedar Hill, whose record includes a conviction on securities fraud charges in 2007 and related sanctions by state and federal regulators for a fraudulent investment scheme...

The State Securities Board today released a list of the most common types of fraudulent investment schemes and offered strategies to avoid becoming a victim.

Emerging red flags on this year’s list include digital currency transactions, stream-of-income investments, and new ways in which...

Christopher Anthony Zaal of McKinney was arrested Sept. 8 after having been indicted in Collin County on charges of securities fraud and money laundering for obtaining at least $2.27 million in fraudulent investment schemes.

Zaal allegedly committed fraud when he sold promissory notes...