News & Publications

News Releases

Oct 9
2025

Commissioner Issues Order Revoking the Registration of an Austin-based Investment Adviser

Earlier today, Texas Securities Commissioner Travis J. Iles entered an order revoking the registrations of Austin-based Smith Wealth Advisors, LLC and its sole owner and investment adviser representative, Ronald Dewayne Smith, Jr. (collectively, “Respondents”). You may view the order here. After...
Sep 30
2025

Orders Issued by SEC and by TSSB Commissioner approving TXSE as a Stock Exchange

The Texas Stock Exchange (TXSE) application as a national securities exchange has received SEC approval; you may find the SEC order here. 

The Texas Securities Board order approving TXSE as a recognized and responsible exchange may be found here.

Governor Abbott congratulated TXSE on its approval; the Press Release may be found here.

Aug 14
2025

Notice of Public Hearing

The Securities Commissioner of the Texas State Securities Board will hold a public hearing on the matter of the application for an approval of a stock exchange to be held on August 28, 2025. Click Here to Read the Full Release Click Here to View the Open Meetings Act Notice (submitted August 12...
All News Releases

Enforcement Actions: Administrative

Oct 9
2025

Order No. IC-25-REV-05

In the Matter of the Investment Adviser Registration of Smith Wealth Advisors, LLC and the Investment Adviser Representative Registration of Ronald Dewayne Smith, Jr.

Sep 5
2025

Order No. ENF-25-CDO-1892

In the Matter of Alan Shield, Jr.: Agreed Cease and Desist Order

Aug 13
2025

Order No. IC-25-CAF-04

In The Matter of the Dealer Registration of Vanguard Marketing Corporation and the Investment Adviser Registration of The Vanguard Group, Inc.: Cease & Desist and Undertaking
 

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