News & Publications

News Releases

Feb 29

Securities Commissioner Warns Retail Investors About Spoofing Investment Schemes

Securities Commissioner Travis J. Iles entered an Emergency Cease and Desist Order to stop a fraudulent securities scheme that allegedly spoofs an unrelated third party.

Jan 22

Texas Securities Board Settles with Abra Over National Sales of Interest-Bearing Accounts

Securities Commissioner Travis J. Iles entered a settlement in principle with a group of affiliated companies commonly known as Abra.  

Dec 21

Texas Investors to Receive $625,000 Refund of Unreasonable Commission Charges

The Texas State Securities Board is pleased to announce it has joined a multi-state settlement with Raymond James & Associates, Inc. and Raymond James Financial Services, Inc. (collectively, “Raymond James”). The settlement comes as the result of an investigation into the company’s practices of...

Enforcement Actions: Administrative

Feb 29

Order No. ENF-24-CDO-1880

in Matter of, Carson Williams, Sheila Thompson, Patrick Snider, and Keneth Henderson: Emergency Cease and Desist Order 

Feb 2

Order No. REG-24-CAF-1

In the Matter of Blue Owl Technology Income Corp.: Fine and Undertaking 

Dec 28

Order No. REG-23-CAF-02

In the Matter of the Dealer Registration of Brady Keith Collier: Reprimanded and Fined

Enforcement Actions: Criminal & Civil

Oct 29

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

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...
Oct 15

Larry Steve Bassett - Indicted

On October 15, 2021, a grand jury sitting in Lee County, Texas, indicted Larry Steve Bassett for first-degree securities fraud, theft and money laundering. The charges relate to his alleged unlawful sale of investments in a trading program to 15 victims for approximately $1.5M. Bassett is accused of...


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