Texas State Securities Board

GSI Exchange Bolsters Investor Protection with Resolution in Texas

Retrieved on: 
Friday, October 13, 2023
Texas State Securities Board, Consent decree, GSI, Metal, Cryptocurrency

"In far too many cases, alleged violations of investor protection laws correlate with significant financial losses," said Texas State Securities Board Commissioner Travis J. Iles.

Key Points: 
  • "In far too many cases, alleged violations of investor protection laws correlate with significant financial losses," said Texas State Securities Board Commissioner Travis J. Iles.
  • "The settlement with GSI Exchange [and CEO Anthony Allen] Anderson is different.
  • GSI Exchange has been proactive, enhancing its corporate compliance policies to ensure they strictly focus on their operations without offering investment advice.
  • "Our recent agreement with Texas reaffirms our dedication to investor protection.

Jensen Investment Management Announces Three New Equity Ownership Shareholders

Retrieved on: 
Wednesday, March 1, 2023
Asset Management, Professional Services, Finance, Marketing, Arizona State University, University, United Nations Convention on Contracts for the International Sale of Goods, Bachelor of Business Administration, Investment, Texas State Securities Board, Research, University of Washington Information School, Greycourt State Park, Financial institution, REIT, Washington State Department of Financial Institutions, Investment management, Pacific Lutheran University, Business administration, Russell Investments, Anne, Culture, National accounts, Master of Business Administration, Bachelor of Science, Minor, Securities research, Financial adviser, Science

Jensen Investment Management (“Jensen”), a 100% employee-owned active equity investment management firm, is pleased to announce Alexandria Sorosky, MaryAnn Dahl and Todd Schoen as the most recent additions to firm ownership and welcomes them as shareholders.

Key Points: 
  • Jensen Investment Management (“Jensen”), a 100% employee-owned active equity investment management firm, is pleased to announce Alexandria Sorosky, MaryAnn Dahl and Todd Schoen as the most recent additions to firm ownership and welcomes them as shareholders.
  • Prior to joining Jensen, she was responsible for the portfolio reporting and investment research functions for Deschutes Investment Consulting.
  • While there, she contributed to the Investment Reporting, Investment Research and Client Service departments and ultimately managed their team of investment analysts.
  • Jensen manages approximately $13.1 billion (as of December 2022) across three investment strategies—Jensen Quality Growth, Jensen Quality Value and Jensen Global Quality Growth—with firm ownership shared among more than 50% of Jensen’s 39 employees.

CFP Board Imposes Interim Suspension on Stephen Y. Kwan of Spicewood, Texas

Retrieved on: 
Thursday, December 22, 2022
CFP, Banking Codes and Standards Board of India, Respondent, Ethics commission, Texas State Securities Board, Revocation, Certified Financial Planner Board of Standards, Finance, Code, Civil Procedure Rules, FINRA, Failure, Certification, Workforce, Paul v British Columbia (Forest Appeals Commission), Financial plan, Multimedia, DEC, Investment, Sale, Financial adviser, Property management, Standard, Conduct, Ethics

Pursuant to Mr. Kwan's consent, CFP Board issued an automatic Interim Suspension Order suspending Mr. Kwan's right to use the CFP® certification marks because the Texas State Securities Board suspended his investment adviser representative registration for 90 days.

Key Points: 
  • Pursuant to Mr. Kwan's consent, CFP Board issued an automatic Interim Suspension Order suspending Mr. Kwan's right to use the CFP® certification marks because the Texas State Securities Board suspended his investment adviser representative registration for 90 days.
  • An interim suspension is a suspension of a CFP® professional's certification and trademark license during the pendency of CFP Board enforcement proceedings.
  • An Interim Suspension Order is a temporary sanction and does not preclude CFP Board from imposing a final sanction.
  • At that website, CFP Board provides the public with:
    The ability to check on any individual's CFP Board disciplinary history and CFP® certification status.

INVESTIGATION ALERT: Scott+Scott Attorneys at Law LLP Announces Investigation into FTX Trading Ltd and CEO Sam Bankman-Fried

Retrieved on: 
Friday, November 11, 2022
Class Action Lawsuit, Professional Services, Legal, Crypto, Titan, Research, Cryptocurrency, Sale, Texas State Securities Board, Sam, FTT, Investment, MEW, Chapter 11, Title 11, United States Code, The Wall Street Journal, News, Law, FTX, Texas Department of Public Safety, Foundation, Binance

Scott+Scott Attorneys at Law LLP (Scott+Scott), an international shareholder and consumer rights litigation firm, is investigating whether FTX Trading Ltd (FTX or the Company) (Native Token: FTT) or certain of its officers and directors violated federal securities laws.

Key Points: 
  • Scott+Scott Attorneys at Law LLP (Scott+Scott), an international shareholder and consumer rights litigation firm, is investigating whether FTX Trading Ltd (FTX or the Company) (Native Token: FTT) or certain of its officers and directors violated federal securities laws.
  • FTX Trading Ltd (FTX) operates a cryptocurrency exchange that allows investors to trade cryptocurrencies, purchase FTXs native token FTT, and deposit other cryptocurrencies in high-yield bearing accounts in exchange for a fixed amount of interest.
  • On November 11, 2022, FTX filed for Chapter 11 bankruptcy in the federal court in New York in the following action: FTX Trading Ltd., 1:22-bk-11068.
  • The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Connecticut, California, and Ohio.

Whiskey & Wealth Club Wins Landmark Dismissal and Retraction of False Allegations by Texas State Securities Board

Retrieved on: 
Monday, July 11, 2022
Retail, Wine & Spirits, Respondent, Fraud, Weather, Texas State Securities Board, Good regulator, Single malt, Hip, Record, Office of the Kansas Securities Commissioner, Ownership, State, South Carolina Law Enforcement Division, Public relations, CGT, Hearing, Sale, Securities Act of 1933, Board, Security (finance), Insurance, Capital gains tax, Online gambling, Cryptocurrency, Audit, Nightclub, Whisky, Scotch

In a rare securities law u-turn in the United States, the Texas State Securities Board has dismissed its own case against the Whiskey & Wealth Club.

Key Points: 
  • In a rare securities law u-turn in the United States, the Texas State Securities Board has dismissed its own case against the Whiskey & Wealth Club.
  • The final resolution rightfully abandons in their entirety all of the allegations that the Whiskey & Wealth Club was operating a securities offering in violation of U.S. securities laws.
  • The fact Whiskey & Wealth Club obtained the dismissal is a testament to what it has said all along: the allegations were clearly flawed.
  • The legal order states that Whiskey & Wealth Club co-operated fully with the Enforcement Division of the Texas State Securities Board, and provided relevant records and information about its business as requested.

CASE DISMISSED: WHISKEY & WEALTH CLUB WINS LANDMARK DECISION IN UNITED STATES SECURITIES LAW U-TURN

Retrieved on: 
Monday, July 11, 2022
Respondent, Fraud, Weather, Texas State Securities Board, South Carolina Law Enforcement Division, Record, Office of the Kansas Securities Commissioner, CGT, Commonwealth, Investment, Hearing, Wasting, Securities Act of 1933, Sale, Louisiana State Board of Private Security Examiners, Board, Security (finance), Capital gains tax, Online gambling, Audit, Nightclub, Whisky, Scotch

DUBLIN and LONDON, July 11, 2022 /PRNewswire/ -- A Securities Board in the United States has suffered a pre-trial defeat by the London and Dublin-based Whiskey & Wealth Club, after the Securities Commissioner in Texas dismissed a cease and desist order against the cask wholesaler.  

Key Points: 
  • The Securities Board asserted that Whiskey & Wealth Club had violated United States securities statutes, and specifically, that investments tied to pallets of whiskey are securities.
  • The final resolution rightfully abandons in their entirety all of the allegations that the Whiskey & Wealth Club was operating a securities offering in violation of U.S. securities laws.
  • The fact Whiskey & Wealth Club obtained the dismissal is a testament to what it has said all along: the allegations were clearly flawed.
  • The new order states that Whiskey & Wealth Club cooperated with the Enforcement Division and provided relevant records and information about its business to the Enforcement Division.

CASE DISMISSED: WHISKEY & WEALTH CLUB WINS LANDMARK DECISION IN UNITED STATES SECURITIES LAW U-TURN

Retrieved on: 
Monday, July 11, 2022
Respondent, Fraud, Weather, Texas State Securities Board, South Carolina Law Enforcement Division, Record, Office of the Kansas Securities Commissioner, CGT, Commonwealth, Investment, Hearing, Wasting, Securities Act of 1933, Sale, Louisiana State Board of Private Security Examiners, Board, Security (finance), Capital gains tax, Online gambling, Audit, Nightclub, Whisky, Scotch

DUBLIN and LONDON, July 11, 2022 /PRNewswire/ -- A Securities Board in the United States has suffered a pre-trial defeat by the London and Dublin-based Whiskey & Wealth Club, after the Securities Commissioner in Texas dismissed a cease and desist order against the cask wholesaler.  

Key Points: 
  • The Securities Board asserted that Whiskey & Wealth Club had violated United States securities statutes, and specifically, that investments tied to pallets of whiskey are securities.
  • The final resolution rightfully abandons in their entirety all of the allegations that the Whiskey & Wealth Club was operating a securities offering in violation of U.S. securities laws.
  • The fact Whiskey & Wealth Club obtained the dismissal is a testament to what it has said all along: the allegations were clearly flawed.
  • The new order states that Whiskey & Wealth Club cooperated with the Enforcement Division and provided relevant records and information about its business to the Enforcement Division.

Texas Capital Bancshares, Inc. Announces Launch of Texas Capital Securities

Retrieved on: 
Monday, January 10, 2022
U.S. Securities and Exchange Commission, Texas State Securities Board, Nature, Treasury, Information, Incidence, Private Securities Litigation Reform Act, FDIC, SEC, COVID-19, NASDAQ, Weather, Terrorism, CEO, Texas Capital Bank, Solution, FINRA, Financial Industry Regulatory Authority, GLOBE, Capital Bank, Time, Information technology, Russell, Sale, Risk management, Risk, Communication, Failure, Annual report, Lists of disasters, Fraud, SIPC, Security (finance), Financial services, Bank

DALLAS, Jan. 10, 2022 (GLOBE NEWSWIRE) -- Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank (the Bank),today announcedthe launch of Texas Capital Securities, its affiliated broker dealer.

Key Points: 
  • DALLAS, Jan. 10, 2022 (GLOBE NEWSWIRE) -- Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank (the Bank),today announcedthe launch of Texas Capital Securities, its affiliated broker dealer.
  • Texas Capital Securities is a member of Financial Industry Regulatory Authority (FINRA) and Securities Investment Protection Corporation (SIPC) and is registered with the U.S. Securities and Exchange Commission (SEC),the Texas State Securities Board and other state securities regulators.
  • With the launch of Texas Capital Securities, we are now able to serve our clients through the entirety of their lifecycles, saidRobHolmes, president and CEO of Texas Capital Bank.
  • TCBI Securities, Inc., operating as Texas Capital Securities, is the broker dealer affiliate of Texas Capital Bancshares, Inc. Texas Capital Securities provides clients with access to capital markets, financial advisory and other investment banking products, services, and solutions.

Nui Successfully Resolves Texas State Securities Board Investigation into Crypto Mining

Retrieved on: 
Tuesday, February 26, 2019
Texas State Securities Board, Cryptocurrency, Nui

LEHI, Utah, Feb. 26, 2019 /PRNewswire-PRWeb/ -- Nui Social agreed to a settlement with the Texas State Securities Board (TSSB) that clears it of all fraud charges related to its cryptocurrency mining business and removes Kala mining rigs from the order.

Key Points: 
  • LEHI, Utah, Feb. 26, 2019 /PRNewswire-PRWeb/ -- Nui Social agreed to a settlement with the Texas State Securities Board (TSSB) that clears it of all fraud charges related to its cryptocurrency mining business and removes Kala mining rigs from the order.
  • After seven months working cooperatively with the TSSB, Nui announces that the investigation has now been resolved (order no.
  • "By working with the Texas State Securities Board, Nui has proven that we are committed to doing things the right way."
  • Now that they are in good standing with the Texas State Board of Securities, Nui is looking forward to that bright future.