Texas State Securities Board Reviews
2 TOTAL REVIEWS
THE TEXAS SECURITIES BOARD, OBSTRUCTING JUSTICE OR APATHETIC?
Here are the current members of the current Texas Securities Board all appointed by Governor Rick Perry, 2016 Presidential hopeful. Three of these people are attorneys so they know the law. One is a CPA so he can do the math. And the last one is a businessman. These individuals are appointed to staggered term positions, primarily, as with all appointed positions, as payback for their support in getting a politician elected. These folks are not appointed because they are intelligent or civic minded or a patriot or qualified to hold the position, they are given a titled position as a prize for being on the right side, last election! However, they do carry the title, ability and the responsibility of the office they have been appointed to, so they decide how effective they will be in upholding the mission of position they hold. The most accurate comparison for most political appointees and their ability or willingness to actual do something appears to align with men’s nipples! This comparison appears to be especially accurate when describing the accomplishments of the Texas Securities Board members. They meet every now and then for lunch with an accompanying, standard, feel good “everything is great” report from the Commissioner, John Morgan, then it’s back to their BMW's, Mercedes and/or private planes and their real jobs, until the next luncheon. Beth Ann Blackwood, Chair Dallas, TX Derrick M. Mitchell Houston, TX E. Wally Kinney Dripping Springs, TX David Appleby El Paso, TX Alan Waldrop Austin, TX P.O. Box 13167, Austin, Texas 78711-**** 208 E. 10th Street, 5th Floor, Austin, Texas 78701 (512) 305-**** In all fairness to the board members they are just doing what they think is their responsibility as a political appointee. These positions are not created for the board members to actual do something. Quite the contrary, they are created for them to APPEAR to be doing something very important; much like the illusion of men’s nipples! I think of political appointees much like celebrity “hawkers”. These celebrities are all over the TV begging for money after every natural disaster. The organization they are “Hawking” money for turns out to be a fraud and they disavow all responsibility for “aiding and abetting” the fraud and creating hundreds of thousands of “victims”. It is not their fault! When in reality it is their fault! They chose not to ask questions, check facts and/or demand an accounting for what they were ‘pitching”! They, in fact did, “aid and abet” the defrauding of every single victim because they should have known! Their name and reputation were on the line and they decided to plead “ignorant victim”. This is apparently the current plea of the Texas Securities Board members, “ignorant victims”, they did not know! However, they do know! They have, via John Morgan, all the initial facts of the Dallas Field Office’s alleged complicity. They have in their possession all of the Colt Ledger - Ronak Patel correspondence that clearly demonstrates Patel’s complete lack of interest in the growing body of evidence against Texas Securities’ integrity. They are in possession of our unanswered correspondence to Joe Rotunda, Director of the Enforcement Division of Texas securities, asking for an explanation of why the Texas Securities Board is apparently holding victim’s complaints until the statute of limitations have expired, thus, indirectly, providing a “safe harbor” for alleged criminals!. We take Rotunda’s silence as an admission of guilt and believe he is currently scurrying around attempting to cover his incompetence, ineptness and his inability to get a major Texas oil and gas swindler indicted! In fact, based on his published and documented track record, he is having difficulty getting anyone indicted! The Texas Securities Board has been apprised, via certified mail, of the situation but apparently, their luncheon does not afford them time for the victims they are responsible for protecting. They appear, by their lack of action, to be” aiding and abetting” Texas swindlers in stealing millions of dollars and ignoring the thousands upon thousands of victims they are responsible for protecting! So to answer our opening question, “Is the Texas Securities Board obstructing justice or are they just apathetic?” The answer to that question is, unfortunately, unknown at this time. Politically appointed Board members may not be intelligent enough to comprehend the situation, even after it is explained to them. Do they actually care that there are victims? Do they feel the least bit embarrassed or responsible that they are refusing to act? Who knows what level, if any, Mary Ann Blackwood, Chairperson of the Board, cares about what she accomplishes during her tenure? She may very well prefer a legacy of half *** mediocrity, free lunches and validated parking tickets to stepping on toes, calling for accountability and addressing the truth. What do you call a person who is scammed by Texas oil and gas swindlers and who is then ignored by Beth Ann Blackwood? Answer: “SCREWED”! What do you call an oil and gas swindler living in Texas? Answer: “Political contributor”! If you have information, regarding complaints filed with Texas Securities contact coltledger@***.com.
Reason of review
Poor customer service
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Is Texas Securities Harboring Criminals?
After having 69 securities and criminal fraud complaints against Charles Couch and Couch Oil and Gas, in their possession for 2.5 years, Texas Securities Enforcement Division deemed the complaints "weak, at best". Colt Ledger gave same complaints to the SEC and within 90 days the SEC filed over 50 securities and criminal fraud violations against Couch. So how did Texas Securities get it so wrong? We asked and they have refused to answer! That leaves me with only one conclusion, it was apathy, complicity or payola? Bottom line is that by not moving against Couch, Texas Securities was protecting an alleged criminal!
Reason of review
Poor customer service
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Texas State Securities Board