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Texas Securities Commissioner Files Emergency Action to Stop Russian Scammers Perpetrating Metaverse Investment Fraud
Securities Commissioner Travis J. Iles filed an Emergency Cease and Desist Order, in concert with other state securities regulators to stop a fraudulent metaverse investment scheme. The order accuses Flamingo Casino Club of illegally soliciting securitized nonfungible tokens, or...
What Happens in The Metaverse Does Not Stay In The Metaverse Texas Securities Commissioner Stops Metaverse Casino Securities Scheme
Securities Commissioner Travis J. Iles entered an Emergency Cease and Desist Order to stop a fraudulent investment scheme tied to metaverses. The order names Sand Vegas Casino Club, Martin Schwarzberger and Finn Ruben Warnke and accuses them of illegally offering...
Last month, Securities Commissioner Travis J. Iles warned that scams involving cryptocurrencies and digital assets present a top threat to retail investors in 2022. Today, Commissioner Iles brought an action to stop this type of scam—a fraudulent cryptocurrency mining...
About the Texas Securities Board
The State Securities Board is responsible for administering and enforcing the Texas Securities Act. The mission of the State Securities Board is to protect Texas investors. Consistent with that purpose, the Agency seeks to ensure a free and competitive securities market for Texas, increase investor confidence, and thereby encourage the formation of capital and the creation of new jobs in Texas.