The order alleges that investor funds were transferred through personal bank accounts before being transmitted to a cryptocurrency platform that does not provide foreign exchange trading services.

According to federal authorities, Brooklynn Chandler Willy pleaded guilty to 10 felony counts arising from a scheme to defraud investors.

According to the indictment, Kranenberg and Silea solicited investments from friends, family members, and acquaintances by representing that funds would be invested in mutual funds and private stock portfolios.

Voyager operated a cryptocurrency brokerage platform that allowed customers to buy, sell, trade, and store digital assets.

According to the order, the Mining Packages were offered and sold in Texas without registration and neither the sales agents, nor the respondents, were registered as securities dealers or agents as required by state law.

To date, neither Securities Commissioner Iles nor the staff of the TSSB have been provided with corresponding evidence to review.

The Texas State Securities Board filed a notice of hearing with the State Office of Administrative Hearings asserting, among other things, that Smith Wealth Advisors and Smith misappropriated funds from at least ten clients.

State securities laws prohibit firms from charging unreasonable commissions to their customers.

As such, investors were forced to pay the premiums on the policies—shrinking their return on investment in the death benefits they purchased.

A new token deployed on a proprietary blockchain that is allegedly being illegally and fraudulently offered in Texas by Josip Heit, Dirc Zahlmann, Bruce Innes Wylde Hughes and Dennis Loos.

The four-year investigation was a coordinated effort by a working group of 14 state securities regulators.

The settlement ensures Texans will receive a return of all fiat and cryptocurrency deposited with GSB Group and GS Partners, regardless of the product or service they purchased from the respondents. 

A working group of state securities regulators, led by the Texas State Securities Board, have been investigating offers and sales of Abra Boost and Abra Earn.

Securities Commissioner Travis J. Iles announced the filing of two emergency actions to stop allegedly illegal and fraudulent securities offerings tied to artificial intelligence.

The order found that BigWhale.io used a multilevel marketing scheme that relied on numerous online influencers to promote its decentralized application.