On August 9th, 2013, TriStar Equity of Austin, TX, through its manager Tom Carter, consented to an entry of an Agreed Cease and Desist Order in connection with offering for sale promissory notes with a guaranteed annual percentage yield ranging from 9.25% to 11.25%.
The promissory notes at issue were deemed to be securities under Section 4A of the Texas Securities Act. Tri-Star and Carter were found to have violated Section 7 of the Texas Securities Act by offering securities for sale in Texas at a time when the securities were not registered with the Securities Commissioner.
A copy of the order can be viewed here.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
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