Austin Investment Adviser Fined $48K, Reprimanded

August 22, 2016

Valor Capital Asset Management LLC of Austin was reprimanded and will pay a $48,000 fine for failing to enforce its written supervisory procedures regarding block trades of stock placed by its president, Robert Mark Magee.

Texas Securities Commissioner John Morgan entered the Disciplinary Order against Valor Capital on Aug. 8. The fine will go into the General Fund of the State of Texas.

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