Reliable, Dedicated Representation

  1. Home
  2.  » 
  3. Uncategorized
  4.  » Texas veteran faces securities fraud for stockbroking firm

Texas veteran faces securities fraud for stockbroking firm

On Behalf of | Apr 30, 2015 | Uncategorized

At least one individual familiar with an army veteran who is facing criminal charges expressed surprise at the accusations. This veteran is the founder and CEO of a Texas-based stockbroker business. The Securities and Exchange Commission (SEC) allege that he was never actually licensed to perform that type of job. Following the securities fraud charges, the SEC froze his assets. 

The veteran dedicated 12 years of his life to the U.S. Army before separating in 2013. In 2014, he struck out on his own as an entrepreneur. His business advised clients on stock and securities opportunities and also helped guide them toward attractive investment opportunities. 

According to the SEC, both the website and Facebook page for the brokerage business contained false or plagiarized information. It also claims that the veteran lacked the necessary credentials to advise investors, and that he possibly unfairly utilized his military background to recruit military members as investors. Additional accusations cite that he never actually registered his firm with the proper authorities.

From tax to securities fraud, so-called white-collar crimes can have serious implications for both a defendant’s personal and professional future. However, the majority of people accused of committing fraud in Texas can snare the most favorable outcome possible for their situation by constructing a secure legal foundation. This is typically accomplished through a careful review of how both state and federal laws might apply to the charges, as well as further consideration into how any related evidence may be viewed by the prosecution. Throughout this preparatory process, it is imperative that the rights of the defendant be upheld and maintained, as the law demands that he or she be treated as innocent unless the prosecution is able to prove otherwise beyond any reasonable doubt.

Source:, “SEC accuses local stockbroker of fraud“, Clay Thorp, April 15, 2015