News Releases

This news release has been updated to reflect the new hearing date. The State Office of Administrative Hearings has scheduled a hearing for Aug. 28-29 in Austin on a precious metals company’s challenge to an Emergency Cease and Desist Order that accuses the company and its representatives of not...

Texas Securities Commissioner Travis J. Iles entered an emergency action on May 1 against Metals.com, an unregistered firm accused of cold-calling elderly investors to convince them to liquidate their securities in registered firms and invest in precious metals. According to the Emergency Cease and...

As part of Financial Capability Month, the State Securities Board has updated its primer on Investing for Retirement . A guy named Joe reads Investing for Retirement . Future Joe really appreciates it, because he has learned about the different ways a person can save for retirement, from a 401(k)...

As part of Financial Capability Month, the Texas State Securities Board has updated its primer on Choosing A Financial Professional . At some point you may turn to a financial professional for help, particularly if you're trying to achieve different goals like planning for retirement, buying a home...

April is Financial Capability Month. This Investor Alert is based on the State Securities Board's updated report on Scams and Unsuitable Investments Certain types of investments—even if they are legitimate—should always raise red flags. If an investment seems overly complicated, promises large...

LPL Financial LLC will pay a $450,000 fine to the State of Texas and repurchase certain securities it sold to investors, Texas Securities Commissioner Travis J. Iles announced April 11. The Consent Order with Texas is part of national settlement between state securities regulators and LPL over the...

Texas Securities Commissioner Travis J. Iles took emergency action April 9 to stop an international offering of cryptocurrency and foreign currency investments by a company using a phony address and falsely claiming it is registered as a broker-dealer and investment adviser. The Emergency Cease and...

April is Financial Capability Month. The State Securities Board and the North American Securities Administrators Association are issuing this Alert to help investors better understand the emerging investment business of robo-advisers. View the Alert in a print-ready format. Investors who don't think...

The following are summaries of administrative actions the Texas State Securities Board took from Jan. 1 through March 31, 2019: Raymond Cui: Fine, Reprimand Raymond Cui of Houston was reprimanded and fined $5,000 Feb. 19 for violating State Securities Board rules requiring the timely disclosure of...

William Neil “Doc” Gallagher , who promotes his investment business on Christian radio and in books like “Jesus Christ, Money Master,” has been arrested to face first-degree state felony charges of securities fraud and money laundering in Dallas County. In a related action, the U.S. Securities and...