GOP Attorney General Candidate Violated Securities Law, Gets Reprimand

[Gothmog]

The leading GOP candidate to replace Greg Abbott as attorney general does not understand that he is suppose to enforce the laws and not break the laws. http://www.texastribune.org/2014/05/02/paxton-violated-securities-law-gets-reprimand/

State Sen. Ken Paxton, a Republican candidate for Texas attorney general, violated the Texas Securities Act by soliciting investment clients without being registered as required by law, according to a disciplinary order made public Friday.

Under the order from the Texas State Securities Board, Paxton was “reprimanded” and fined $1,000. He is also required from now on to disclose in writing his paid solicitor relationship to any clients he refers to an investment adviser.

In at least one instance investigated by The Texas Tribune, a legal client Paxton solicited on behalf of an investment adviser had no idea the senator was getting paid for the referrals, according to court documents.

The State Securities Board, which regulates the securities industry in Texas, released a written statement about the order on Friday.

“In any action the State Securities Board undertakes, the only consideration is the facts of the case. The agency does not consider any extrinsic factors,” said board spokesman Robert Elder. "The order speaks for itself."

The Democratic nominee for Attorney General has one of the truly great names in Texas politics, Sam Houston. I met Sam at a fundraiser and the man is impressive. This could be a fun race

[Ilsa]

1. Texas gop politicians are as corrupt as they come.

They are ugly and fight dirty.