News & Publications

News Releases

Jun 3
2026

Texas State Securities Board Halts Alleged Crypto Pyramid Scheme Targeting Texas Investors

AUSTIN, TEXAS — The Texas State Securities Board (“TSSB”) has entered an Emergency Cease and Desist Order against BG Wealth Sharing LTD and its affiliated cryptocurrency trading platform, DSJ Exchange, to stop an alleged cryptocurrency investment and multi-level marketing scheme that targeted Texas...
Jun 1
2026

Texas State Securities Board Orders E-Estate Group and Promoters to Halt Alleged Fraudulent Tokenized Real Estate Investment Scheme

AUSTIN, Texas — June 1, 2026 — The Texas State Securities Board ("TSSB") has entered Emergency Cease and Desist Order No. ENF-26-CDO-1896 against E-Estate Group Inc., its principals Brandon Stephenson, Mike Hamilton, and Karoll Peterson, and Texas resident Darrell Porter for allegedly offering and...
May 20
2026

Texas State Securities Board Issues Emergency Order to Halt Alleged Fraudulent Investment Scheme Promising Extraordinary Returns

AUSTIN, Texas — The Texas State Securities Board (“TSSB”) has entered an Emergency Cease and Desist Order against JoAriam, LLC and its founder and managing member, KaRhonda Jewell Bray, for allegedly offering unregistered securities tied to purported foreign exchange trading and leveraged banking...
All News Releases

Enforcement Actions: Administrative

Jun 3
2026

Order No. ENF-26-CDO-1897

In the Mater of BG Wealth Sharing LTD, DSJ Exchange PTY Ltd, GB Wealth Sharing Group LLC, Thaddious Thomas, and Gagandeep Sarkaria: Emergency Cease and Desist Order

Jun 1
2026

Order No. ENF-26-CDO-1896

In the Matter of E-Estate Group, Inc., Brandon Stephenson, Mike Hamilton, Karoll Peterson, and Darrell Porter: Emergency Cease and Desist Order

May 19
2026

Order No. ENF-26-CDO-1895

In the Matter of JoAriam, LLC and KaRhonda Jewell Bray: Emergency Cease and Desist Order

All administrative actions

Enforcement Actions: Criminal & Civil

Jul 16
2025

Joshua Allen, Michael Cox, and Brooklynn Chandler Willy Indicted on Federal Charges

On July 2, 2025, a federal grand jury returned an indictment, recently unsealed, charging Joshua Allen of Lubbock, Texas, Michael Cox of Lubbock, Texas, and Brooklynn Chandler Willy, of San Antonio, Texas, each with one count of conspiracy to commit wire fraud, one count of conspiracy to commit...
Oct 29
2021

Former Registered Securities Professional Entered a Plea to Securities Fraud and other Crimes

On October 29, 2021, Derrick R. Trussell (CRD No. 5197550) entered a plea of no contest to securities fraud, securing execution of a document by deception and misapplication of fiduciary property in Cause No. 2019-CR-5767B, in the 175th Judicial District Court of Bexar County, Texas. Trussell was...
Oct 28
2021

Warning to Victims of Rare Earth Exploration LLC, Bradley Sherman Haycraft and Timothy Taylor

The Texas State Securities Board is warning investors in Rare Earth Exploration LLC about a fake financial settlement scam involving the Gordon Black & Associates Law Firm and International Corporate Entity Inc. Scammers claiming to be employees of Gordon Black & Associates are contacting investors...
All civil & criminal actions

Publications

Texas Investor Guide Cover

Texas Investor Guide

Strategies for Investing Wisely and Avoiding Financial Fraud

Nest Egg, IRA, 401k, Money

Everyone's Investment Guide

A six-part online presentation covering Making Investments, the Principles of Investing, Investing for a Secure Retirement, Planning Withdrawals, and Avoiding Scams.

Cover

Financial Field Manual

A Personal Finance Guide for Military Families

All publications