SEC Files Amended Charges Against AG Ken Paxton | KERA News

SEC Files Amended Charges Against AG Ken Paxton

Oct 21, 2016

The U.S. Securities and Exchange Commission is not giving up on its case against Attorney General Ken Paxton

The commission filed amended civil charges against Paxton on Friday, two weeks after a federal judge dismissed the case. Paxton, who is also fighting similar criminal charges at the state level, is accused of misleading investors in a company years ago.

"We are disappointed by the SEC’s decision to continue this case, given the court’s opinion and the clear infirmities the court found with the commission’s original complaint," Paxton lawyer Matthew Martens said in a statement. "We will evaluate the revised complaint and respond accordingly.”

Earlier this month, U.S. District Judge Amos L. Mazzant III threw out the SEC case against Paxton but gave the commission 14 days — until Friday — to file amended allegations. 

The SEC's decision Friday is the latest blow to Paxton, who's been under a legal cloud for more than a year. Earlier this month, Texas' highest criminal court declined to review the state case, making a trial likely for as early as next spring. 

The Texas Tribune provided this story. 

Tags: