News & Publications

News Releases

Apr 4
2025

Josip Heit’s Latest Alleged Fraud Case Set for April 8, 2025

In September 2024, the Texas State Securities Board settled its allegations against Josip Heit and various other respondents often referred to as GSB Group or GSB Germany. The parties executed a term sheet that required Heit and other respondents, in part, to return all deposits, less withdrawals...
Apr 2
2025

Millions to be Returned to Retirement Value Investors

Last Friday, Travis County State District Judge, Maya Guerra Gamble, ruled in favor of a motion to distribute more than $4.5 million to investors in Retirement Value, LLC (RV). The motion was filed on March 4, 2025, by Michael D. Napoli, counsel to the court-appointed receiver in control of the...
Mar 20
2025

Josip Heit Accused of Launching a New Fraudulent Investment Scheme

DURING THE SETTLEMENT OF ALLEGATIONS OF PERPETRATING A PREVIOUS FRAUDULENT SCHEME US CLIENTS ARE ALLEGEDLY BEING OFFERED DIGITAL ASSETS THAT PURPORTEDLY PAY “LIFECHANGING” RETURNS Securities Commissioner Travis J. Iles entered an Emergency Cease and Desist Order to stop offers of Apertum (APTM), a...
All News Releases

Enforcement Actions: Administrative

Apr 4
2025

Notice of Hearing: Apertum Foundation and Josip Heit

Notice of Hearing filed in SOAH Docket No. 312-25-16274, Texas State Securities Board v. The Apertum Foundation and Josip Heit.
Mar 27
2025

Order No. REG-25-CAF-02

In the Matter of the Agent and Investment Adviser Representative Registrations of William Lovelady: Reprimanded & Fined

Mar 20
2025

Order No. ENF-25-CDO-1889

In The Matter of The Apertum Foundation, Josip Heit, Dirc Zahlmann, Bruce Innes Wylde Hughes and Dennis Christopher Loos: Emergency Cease and Desist Order

All administrative actions

Enforcement Actions: Criminal & Civil

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...
Oct 15
2021

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...
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