TX SSB Securities Enforcement

Stifel Nicolaus & Company - Texas Securities Board Consent Order

The Texas State Securities Board (TSSB) has issued a consent order against Stifel, Nicolaus & Company, Inc. for charging unreasonable commissions on approximately 45,352 equity transactions nationwide over five years, totaling over $885,480. Stifel agreed to the order, settling a coordinated investigation with multiple states.

RBC Capital Markets Fined and Reprimanded by Texas Securities Board

The Texas State Securities Board (TSSB) issued a disciplinary order against RBC Capital Markets, LLC, fining and reprimanding the firm for charging unreasonable commissions on equity transactions. The order resolves investigations by a multi-state group of regulators.

Logan Cox Reprimanded for Investment Adviser Registration

The Texas State Securities Board has issued a disciplinary order against Logan Cox, an investment adviser representative and agent. Cox consented to the order, which reprimands him for failing to give appropriate weight to certain costs associated with an alternative investment recommendation, violating Regulation Best Interest.

Texas Emergency Cease and Desist Order Against TEXITcoin

The Texas State Securities Board has issued an Emergency Cease and Desist Order against TEXITcoin, MineTXC, Blockchain Mint, and Robert J. Gray. The order alleges violations of Texas securities laws related to the unregistered offering and sale of cryptocurrency.