COWBOY

Texas AG Charged With Federal Securities Fraud

The U.S. Securities and Exchange Commission has filed civil fraud charges against Texas Attorney General Ken Paxton on Monday. According to federal regulators, the state's top prosecutor allegedly recruited investors for a high-tech startup without disclosing his financial stake in promoting the company. Paxton is also already under felony criminal indictment for allegations that he defrauded the company's investors in 2011—charges for which he pleaded not guilty.