Mar 7
2013

Investor Alert: How to Sabotage Your Retirement

If you contribute to a 401(k) or other workplace retirement account, the balance you've built up is a tempting source of readily available cash. You can borrow from your account with favorable repayment terms. Under certain circumstances you can qualify for a hardship withdrawal. And when you...

Feb 20
2013

Promoters of Death Benefits Fraud Sentenced to 10 Years

Howard Glen Judah and Gregory F. Jablonski, the architects of a fraudulent life settlement corporation that attracted nearly $30 million from investors, today were each sentenced to serve 10 years in state prison for securities fraud and 10 years for sale of an unregistered security. The...

Feb 4
2013

Foreign Notes Scammer Sentenced to 80 Years in State Prison

Karen P. Bowie, a Maine resident who participated in a North Texas-based foreign notes scam, was sentenced to 80 years in state prison on Friday after being convicted of theft of property.

The Collin County District Attorney's Office prosecuted the case, and Dale Barron a Texas State...

Jan 17
2013

Investor Alert: Target Date Funds Not Always A Smooth Ride

If you contribute to a retirement plan at work, you probably have the option to invest in a target date mutual fund (TDF), an investment that is promoted as one-stop shopping for retirement savers.

A target date fund is designed, basically, to save investors from themselves. Too few...

Jan 3
2013

Investor Alert: Clueless Investing Opinions Ahead!

The surest sign of the new year for investors? It’s the seemingly endless recommendations by financial experts on the best places to put your money in 2013.

You know the drill: the personal finance magazines touting the best stocks or funds for ’13; mutual fund managers touting, well,...

Sep 12
2012

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
2012

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
2012

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
2012

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
2012

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.

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