Prosecutors Face High Bar In Fraud Case Against Paxton

Law360, Houston (August 3, 2015, 9:52 PM EDT) -- The securities fraud charges revealed Monday against Texas Attorney General Ken Paxton could prove to be an uphill battle for special prosecutors, who must meet a higher bar to show that information he kept from clients during his time as an investment adviser was important enough to constitute a criminal omission.

Paxton was arrested on three state securities law violations, including two counts of securities fraud, after allegedly soliciting $600,000 in investments for a private Texas-based technology firm Servergy Inc.

Paxton turned himself in to authorities...
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