Paxton Prosecutors Say AG's Case Should Head For Trial

By Jess Krochtengel (August 9, 2016, 8:25 PM EDT) -- Prosecutors in a criminal securities fraud case against Texas Attorney General Ken Paxton told the state's highest criminal court Tuesday that his argument about being indicted under an invalid statute is "wholly without merit."

Paxton is aiming to upset a yearlong criminal case in which he is accused of soliciting investors for Servergy Inc. without registering as an investment adviser or disclosing he would earn commissions on money raised. He has argued that the state statute for registering as an investment adviser representative is unconstitutionally vague and invalid, and preempted by federal securities laws.

Responding to Paxton's petition for discretionary review...

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