The U.S. Securities and Exchange Commission on Monday charged Texas Attorney General Ken Paxton with civil securities fraud for promoting a North Texas tech firm, adding to the first-term Republican’s growing legal woes.
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Paxton was charged with persuading others to buy stock in North Texas tech firm Servergy, Inc. without disclosing he was being paid to promote the company. The attorney general, a Republican from McKinney, also faces criminal fraud charges in Texas for these same allegations.