Securities Commissioner Travis J. Iles entered a Disciplinary Order Nov. 21 that levied a
$3,000 fine on Octavio Tovar, a securities agent in Katy, for not
disclosing compromises with creditors and civil judgments against him.
order also reprimanded Tovar and granted his registration as an agent of Mid
Atlantic Capital Corp.
application for securities industry registration requires an individual to
disclose compromises with creditors and unsatisfied judgments or liens.
Tovar did not disclose in a timely manner three
compromises with creditors reached in 2015 and 2016. He also did not disclose
two civil judgments entered against him in 2015 and 2016.