Texas AG Candidate Fined For Violating State Securities Law

By Jeremy Heallen (May 5, 2014, 5:11 PM EDT) -- A leading contender for the Texas attorney general's office was sanctioned by state regulators Friday for illegally soliciting clients on behalf of an investment advisory firm and accepting a portion of management fees charged to the new customers.

The Texas State Securities Board slapped Sen. Ken Paxton, R-McKinney, with a $1,000 fine and a formal reprimand for signing up three clients for Mowery Capital Management LLC without having registered with the state as a representative of the company.

Paxton campaign spokesperson Anthony Holm said in a statement Monday that the lawmaker had made an "administrative oversight" and was pleased to have...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Attached Documents

Related Sections

Law Firms

Government Agencies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!