Subscribe

Texas judge shuts sham state securities regulator

road-sign-says-welcome-to-Texas

The website tried to steal information by claiming to protect investors

The website of the fictitious Board of Securities and Financial Services in Austin, Texas, has been shut down after a federal judge issued a temporary restraining order against the entity.

The Department of Justice requested the injunction to shut down the sham regulator, which was attempting to

Subscribe or log in to read the rest of this content.

Learn more about reprints and licensing for this article.

Recent Articles by Author

Bridging the generational divide in finance

With younger generations entering the arena, it’s vital to know how to connect with them.

Fiduciary commitment should be table stakes

Speed and nature of new DOL rule has left many in the insurance industry fuming, losing sight of the impact on ordinary investors

Cresset adds two J.P. Morgan teams overseeing $5B

The two groups were among several former First Republic teams whose exits from J.P. Morgan were announced Friday.

Ascensus buying Vanguard small-business retirement offerings

The company is acquiring the Individual 401(k), Multi-SEP, and SIMPLE IRA plan businesses from Vanguard.

Raymond James adds advisor from Wells Fargo

South Florida-based advisor had been overseeing $105 million in client assets at Wells.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print