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Paxton evades prosecution

In Travis County, anyway.

Ken Paxton

New Attorney General Ken Paxton, who in 2014 was found to have violated the Texas Securities Act, will not be prosecuted by the state’s office that investigates public corruption, officials said Thursday.

Paxton, a former state senator from McKinney, violated the Securities Act by soliciting investment clients without being registered, as required by law, according to a disciplinary order last year from the State Securities Board. Under the order, Paxton was “reprimanded” and fined $1,000. But Thursday’s announcement signals that the case may be closed.

“Our investigation did not find any additional criminal activity over which our office has venue, so we are concluding Travis County’s involvement in this matter,” said Travis County District Attorney Rosemary Lehmberg, whose office includes the state’s public integrity unit.

[…]

Lehmberg’s office said it had forwarded a portion of its investigation to prosecutors in Collin and Dallas counties, which could investigate the securities board’s findings further.

See here for the background. In addition to possible action in Collin and/or Dallas Counties, there’s also still the SEC complaint, the state bar grievance, and the lawsuit to get his records from the State Securities Board out there. Paxton may have dodged one bullet, but he shouldn’t feel lucky just yet. Trail Blazers and the Statesman have more.

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