Feb 17
2023

Securities Commissioner Warns Mongolian Victims of Advance Fee And Imposter Scheme

The Texas State Securities Board is warning against an advance fee fraud and imposter scheme perpetrated by parties pretending to be the Texas State Securities Board. The scam is targeting victims of cryptocurrency fraud residing in Mongolia, falsely claiming the agency will compensate them for...
Feb 16
2023

Order No. REG23-CAF-01

In the Matter of the Dealer Registration of Penrod Financial Services, Inc.: Reprimanded and Fined

Jan 20
2023

Order No. IC23-SUS-01

In the Matter of the Investment Adviser Representative Registration of Clifton Wayne Myers: Suspension

Jan 19
2023

Texas Securities Board Joins $22.5 Million State Settlement with Nexo Capital over Unregistered Digital Assets Investment Accounts

The Texas State Securities Board joined other state securities regulators and the U.S. Securities Exchange Commission (SEC) in jointly announcing a settlement in principle with Nexo Capital, Inc. (Nexo). The settlement requires Nexo to pay a total of approximately $22.5 million in fines to state...
Nov 29
2022

Notice of Hearing filed against Sam Bankman-Fried

The Notice of Hearing was filed at the State Office of Administrative Hearings. For inquiries contact Joe Rotunda, Director of Enforcement, by email at jrotunda@ssb.texas.gov or by telephone at 512-305-8392.

Nov 8
2022

Securities Commissioner Stops Convicted Felon from Defrauding Texans

Securities Commissioner Travis J. Iles filed an emergency cease and desist order that accused Adrian Lamont Gunn, a resident of Lubbock, from perpetrating an illegal securities scheme. According to the order, Gunn is a convicted white-collar criminal. Before perpetrating his recent scheme, Gunn...
Nov 8
2022

Order No. ENF-22-CDO-1868

In the Matter of Whiskey Sky, LLC and Adrian Lamont Gunn: Emergency Cease and Desist Order

Nov 3
2022

AUSTIN REAL ESTATE SCAMMER SENTENCED TO 40 YEARS IN PRISON

Securities Commissioner Travis J. Iles announced that Tommie “Tom” Carter Jr, a 64-year-old resident of Austin, Texas, was convicted of first-degree securities fraud and sentenced to serve 40 years in prison . He was also ordered to pay restitution of more than $830,000 to victims. An investigation...
Nov 2
2022

Order No. REG-22-SUS-03

In the Matter of the Investment Adviser Representative Registration of Stephen Kwan: Suspension

Oct 28
2022

Recent Texas State Securities Board Administrative Orders

The Texas Securities Commissioner, Travis J. Iles, recently entered several administrative orders. The orders touch on all agency programs – Enforcement, Registration, and Inspections & Compliance – and represent fair and measured regulatory outcomes designed to protect Texas investors and...
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