New details revealed on AG Ken Paxton’s securities referral deal

[TexasTowelie]

AUSTIN — Ken Paxton earned thousands of dollars by referring his private legal clients to a financial adviser now accused of “unethical and fraudulent conduct” by the state, records obtained by The Dallas Morning News show.

Paxton, now Texas attorney general, did not tell them he was getting paid. He steered his clients to a financial adviser who had declared bankruptcy and who now faces losing his state license over questionable business dealings.

Paxton’s referral agreement with Frederick “Fritz” Mowery, the head of McKinney-based Mowery Capital Management, has created a yearlong political and legal headache for the Republican attorney general. He acknowledged last year, in the middle of his statewide campaign, that he violated state securities law by failing to register as an agent for Mowery. He paid a $1,000 administrative fine in April 2014.

Failing to register can also be a third-degree felony under state law. Complaints by a watchdog group have led to a Texas Rangers investigation and appointment of special prosecutors.

Read more: http://www.dallasnews.com/news/politics/headlines/20150516-new-details-revealed-on-ken-paxtons-securities-referral-deal.ece

[Gothmog]

1. Paxton is a crook

[Snoopy 7]

2. I tried

I tried to warn people about Paxton, and how crooked he is, and those who voted for him refuse to see the truth now we have a corrupt individual who will see cases on corruption? But I guess it's ok he paid his $1,000 he's clear, right, and here the rich look after one another so that they can call in a favor when they need one...