Tag Archives: Texas Securities Board

State AG is — what? — a criminal?

Call me a prude. Heck, you might even accuse me of having more than a touch of righteous sanctimony.

However, I am of the belief that a state’s top law enforcement official — its attorney general — ought to be clean as a spit-shined boot. There should be zero question about how he conducts his personal and/or business affairs.

Well, Texans, welcome to a new world.

We have an attorney general who’s been fined by the state for soliciting investment clients without following all the rules the state sets down for such activity.

http://www.texastribune.org/2014/05/02/paxton-violated-securities-law-gets-reprimand/

Ken Paxton is a former Republican state representative who was elected attorney general in November. The Texas Securities Board has fined the AG-to-be $1,000 for failing to register under the law his investment solicitation activity.

Paxton has waived his right to appeal the sanction, which is tantamount to admitting he broke the law.

OK, the guy didn’t commit a violent crime. He didn’t rob a bank or hold anyone hostage. However, he broke state law.

Now he’s about to take an oath in which he will defend the Texas Constitution and vow to enforce all the laws of the state.

A Paxton spokesman told this to the Texas Tribune: “As for Friday’s order, Paxton spokesman Anthony Holm said the campaign ‘took immediate action and proactively communicated the Texas Tribune’s questions to the state board.’

We asked the board to treat us like every other citizen of the state and that they take all necessary time to review our filings,’ Holm said. ‘Due to an administrative oversight, we have paid an administrative fine of $1,000. We are pleased this matter has been resolved and a speedy resolution has been reached.'”

Actually, the Texas attorney general isn’t like “every other citizen of the state.” He should be clean. Spotless. He shouldn’t get into the kind of trouble that found Ken Paxton.

Aw, what the heck. Texas politics apparently doesn’t take that kind of thing into account.