News Releases

The following are summaries of administrative actions and orders taken between Jan. 1 and March 30, 2016.

Texas Securities Commissioner John Morgan on Feb. 1 entered an Emergency Cease and Desist Order against a heavily...

Texas Securities Commissioner John Morgan on March 23 entered a Disciplinary Order that will revoke the registration of Sarah Helen Hancock , a Dallas investment adviser representative who withdrew grossly excessive amounts of money from clients’ accounts. Hancock provided at least one client...

Scottrade Inc. was fined $50,000 and reprimanded for failing to promptly notify certain customers when money was wired from their accounts to third parties.

Texas Securities Commissioner John Morgan entered the Disciplinary Order on March 7. The fine will be paid to the General Revenue...

Ronald Eugene Harrison , an investment adviser representative in Carrollton, has been suspended for 90 days and is required to repay a client $5,000, which represents a portion of the commissions he earned in the sale of an investment to the client. Texas Securities Commissioner John Morgan...

Texas Securities Commissioner John Morgan on Feb. 1 entered an Emergency Cease and Desist Order against a firm selling investments that supposedly earn returns from the payout of pension benefits it acquires from federal government employees, members of the military, and certain corporations....

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...