On February 11, 2026, the Texas Securities Commission announced that it has taken action against a fraudulent investment scheme that has been targeting unsuspecting investors in the state. The scheme, operated by a company known as "Texas Wealth Management Group," promised unrealistic returns on investments in various industries, including real estate, technology, and healthcare.According to the Securities Commission, Texas Wealth Management Group has been soliciting investments from individuals through online advertisements and cold calls, claiming that investors could earn up to 20% returns within a short period of time. However, upon further investigation, it was revealed that the company had no legitimate investment opportunities and was using funds from new investors to pay returns to earlier investors, a classic Ponzi scheme.The Securities Commission has issued a cease and desist order against Texas Wealth Management Group, prohibiting the company from engaging in any further solicitations or investments in the state. Additionally, the Commission has initiated legal proceedings to recover funds for affected investors and hold the perpetrators accountable for their actions.Commissioner John Thompson emphasized the importance of conducting thorough due diligence before investing in any opportunity, especially when promised high returns with low risk. He urged investors to be wary of schemes that sound too good to be true and to report any suspicious activities to the Securities Commission.In response to the crackdown on fraudulent investment schemes, the Texas Securities Commission has also launched an educational campaign to raise awareness about common investment scams and empower investors to protect themselves from financial fraud. The Commission is working closely with law enforcement agencies to identify and prosecute individuals and companies engaged in illegal securities activities in the state.As the investigation into Texas Wealth Management Group continues, the Securities Commission is urging anyone who may have been affected by the scheme to come forward and report their losses. The Commission remains committed to safeguarding investors and maintaining the integrity of the securities market in Texas.