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Tag Archives: Investing

Texas Begins Operation of Texas Bullion Depository

Texas Comptroller Glenn Hegar announced today the official opening of the Texas Bullion Depository, the first state-administered precious metals depository in the country. “We’re proud that the nation’s first state-administered bullion depository is now a reality — this is a big day for Texans who want to secure their precious ...

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TDI: Monitor Universal Life Insurance Policies

The Texas Department of Insurance is reminding consumers with universal life insurance policies to check in with their agents every year – before they face the difficult decision of paying far more or dropping the policy. “Talk to your agent now and ask how your policy is doing,” said Texas ...

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Enforcement Investigation Finds Widespread Fraud in Crypto Offerings

The Enforcement Division of the Texas State Securities Board found widespread fraud in cryptocurrency offerings during a four-week investigation of investments tied to virtual currencies. The full results of the investigation are in the 14-page report Enforcement Report: Widespread Fraud Found in Cryptocurrency Offerings. For more information on the report, contact Robert ...

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Order Filed to Stop Cryptocurrency, Marijuana Investments

Texas residents targeted Texas Securities Commissioner Travis J. Iles on April 5 entered an Emergency Cease and Desist Order against a convicted felon who is offering investments in two things that usually don’t go together: a cryptocurrency trading program and a marijuana growing operation. According to the order, the Enforcement Division of ...

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2018 Texas Investor Guide Now Available

It’s here: the 2018 edition of the Texas Investor Guide: Strategies for Investing Wisely and Avoiding Financial Fraud, fully updated to  provide you with the latest information for smart and safe investing. The 2018 edition includes new material on finding a financial professional, updated information on easy-to-assemble investment portfolios, new ripped-from-the-headlines case studies ...

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$4 Billion Crypto-Promoter Offering Fraudulent Investment Programs

The Texas Securities Commissioner has entered an Emergency Cease and Desist Order to halt the multiple investment programs operated by BitConnect, an overseas company that claims a market share of $4.1 billion for its cryptocurrency coins. BitConnect is soliciting investors for cryptocurrency-based programs that the company claims will deliver annualized returns of 100% or ...

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Bitcoin Promoter USI-Tech Hit with Emergency Cease and Desist Order

Texas Securities Commissioner Travis J. Iles entered an Emergency Cease and Desist OrderDec. 20 against USI-Tech Limited, an overseas firm that is promising low-risk, triple-digit returns from investments tied to Bitcoin mining. The enforcement staff of the State Securities Board presented evidence to the Securities Commissioner that USI-Tech, based in Dubai, and ...

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Texas Comptroller’s Office Unveils New Unclaimed Property Website

Texas Comptroller Glenn Hegar reminds Texans to search for their unclaimed money this holiday season with the Unclaimed Property Division’s new and improved website, ClaimitTexas.org. “I am proud of our unclaimed property program, which has returned about $800 million to its rightful owners since I’ve been Comptroller,” Hegar said. “The newly ...

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TSSB Issues Top 10 Investor Threats

by Texas State Securities Board staff We don’t mean to add to the stress of this long holiday season, but there is another kind of stress that makes decisions about holiday decorations look like a walk in the park. It’s financial stress, and making ill-advised investment decisions is a leading ...

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Getting Paid – Claiming Unpaid Life Insurance Benefits in Texas

By Barbara Gyure The phone rings. It’s someone from the Texas Comptroller’s office who wants to give you money – lots of money. Hundreds of thousands of dollars in cash. Are you dreaming? Maybe not. With tears in his eyes, Jeffrey Malloy, a claims examiner in the Comptroller’s office, hangs up the phone. ...

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