Apr 16
2021

Securities Commissioner Issues Order Stopping Fraudulent Cryptocurrency Trading Program

Securities Commissioner Travis J. Iles entered an emergency cease and desist order to stop offers of a fraudulent cryptocurrency trading program in Texas. The action names Bitles Limited and Janis Lacis, its principal, and C3 Data Services and Edward Carter, its principal. Bitles and Lacis are...
Apr 15
2021

Dennis Keith Sanders: Guilty Pleas

On February 24, 2021, Dennis Keith Sanders, from Brenham, Texas, pleaded guilty to first degree securities fraud, theft, and money laundering. He was ordered to serve ten years of deferred adjudication community supervision, conditioned on his payment of more than $400,000 in restitution. The...
Apr 15
2021

Order No. ENF-21-CDO-1835

In the Matter of Dennis Keith Sanders and Southwest Resources, Inc.: Agreed Cease and Desist Order

Apr 15
2021

Order No. REG21-CAF-02

In the Matter of the Investment Adviser Registration the Investment Adviser Representative Registration of Scott Malone: Reprimand, Fine, Undertaking, and Registration Granted

 

Apr 14
2021

Indictment Handed Up in Quesadilla Caper

On April 7, 2021, a federal grand jury sitting in the Western District of Texas handed up a now unsealed indictment against Juan Enrique Kramer, Adriana Pastor, Noel Olguin and Karina Hernandez. The indictment alleges Kramer and Pastor, his wife, promoted turnkey investments tied to Las Quesadillas...
Apr 1
2021

Firm Agrees to a Refund and Fine for Unreasonable Supervisory System

Independent Financial Group, LLC, as part of a Consent Order that Texas Securities Commissioner, Travis J. Iles entered on April 1, 2021, agreed to refund $276,398.42 to the customers of a former Texas-based representative who implemented a high-risk trading strategy in leveraged exchange-traded...
Apr 1
2021

Order No. IC21-CAF-01

In the Matter of Independent Financial Group, LLC: Undertaking and Fine

Mar 18
2021

Commissioner Stops Illegal, Fraudulent and “Dirty” Securities Offering

Securities Commissioner Travis J. Iles entered an emergency cease and desist order against Larry Scott Rogers, from Montgomery and Conroe, Texas. The order accuses him of illegally and fraudulently offering securities to Texans. The order also names D&S Recruiting DBA Legacy Leads, a business...
Mar 18
2021

Order No. ENF-21-CDO-1834

In the Matter of D&S Recruiting, LLC, DBA Legacy Leads; Dirty Richard’s Products, LLC, DBA Dirty Dick’s Products, LLC; and Larry Scott Rogers AKA Scott Rogers: Emergency Cease and Desist Order

Mar 17
2021

Securities Commissioner Stops Another Online Forex and Cryptocurrency Scam

Securities Commissioner Travis J. Iles entered an emergency cease and desist order against DailyForex247, an online investment platform, and Ghulam Wardag, its senior account manager. The order accuses the parties of perpetrating an online scam tied to forex trading and cryptocurrency mining...
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