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BUSINESS
December 4, 1991 | From Times Staff and Wire Reports
Broker Agrees to Leave Industry: A Houston broker accused of losing more than $1 million of customers' money through allegedly fraudulent activities has agreed to leave the securities industry permanently, regulators said. The Securities and Exchange Commission said it accepted John Marston's settlement of administrative charges--without admitting or denying wrongdoing--in return for Marston's permanent banishment from the securities industry.
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BUSINESS
May 5, 1995 | From Bloomberg Business News
Regulators are moving to rid Houston of bond brokers suspected of fraudulently selling securities to cities, schools and small investors nationwide. The state this week sued a Houston firm, Government Securities Corp., seeking to bar GSC and five of its employees from doing business in Texas. The suit alleges that GSC inflated the price and misrepresented the risk of money-losing mortgage securities.
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BUSINESS
December 29, 1994 | STUART SILVERSTEIN, TIMES STAFF WRITER
The Securities and Exchange Commission has filed civil fraud charges against a stockbroker in connection with an investigation focusing on Houston securities dealers who allegedly duped municipal agencies into making high-risk investments. While unrelated to the SEC's investigation of possible wrongdoing in Orange County's bankruptcy, the case underscores the agency's broad concern about unscrupulous securities dealers who may be preying on municipal finance customers.
BUSINESS
December 29, 1994 | STUART SILVERSTEIN, TIMES STAFF WRITER
The Securities and Exchange Commission has filed civil fraud charges against a stockbroker in connection with an investigation focusing on Houston securities dealers who allegedly duped municipal agencies into making high-risk investments. While unrelated to the SEC's investigation of possible wrongdoing in Orange County's bankruptcy, the case underscores the agency's broad concern about unscrupulous securities dealers who may be preying on municipal finance customers.
BUSINESS
May 5, 1995 | From Bloomberg Business News
Regulators are moving to rid Houston of bond brokers suspected of fraudulently selling securities to cities, schools and small investors nationwide. The state this week sued a Houston firm, Government Securities Corp., seeking to bar GSC and five of its employees from doing business in Texas. The suit alleges that GSC inflated the price and misrepresented the risk of money-losing mortgage securities.
BUSINESS
December 4, 1991 | From Times Staff and Wire Reports
Broker Agrees to Leave Industry: A Houston broker accused of losing more than $1 million of customers' money through allegedly fraudulent activities has agreed to leave the securities industry permanently, regulators said. The Securities and Exchange Commission said it accepted John Marston's settlement of administrative charges--without admitting or denying wrongdoing--in return for Marston's permanent banishment from the securities industry.
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