Obama Admin Witch Hunt Tries, Fails to Destroy Texas AG


#1

Obama Admin Witch Hunt Tries, Fails to Destroy Texas AG
BY RACHEL ALEXANDER
CP OP-ED CONTRIBUTOR
October 14, 2016|7:28 am

Texas Attorney General Ken Paxton is the next Republican official to beat one of these political witch hunts. The U.S. Securities and Exchange Commission brought civil charges against him in April for encouraging investors to back technology company Servergy Inc., without disclosing his financial arrangement with the company. The owner of the company had given Paxton $100,000 in shares of stock as a gift. While there are laws requiring those in the financial industry to disclose some of these types of relationships, there is nothing requiring regular Americans to do so, especially if there is no “quid pro quo.”

U.S. District Court Judge Amos Mazzant III, who was appointed by Obama, threw out the charges last week, writing, “This case is not about whether Paxton had a moral obligation to disclose his financial arrangement with Servergy to potential investors. This case is also not about whether Paxton had some general obligation to disclose his financial arrangement to his investor group. The only issue before the Court is to determine whether the facts as pleaded give rise to a plausible claim under federal securities laws.”

After revelations that BHO has politicized and weaponized the FBI, ***IN***Justice Department, and IRS, is there any great surprise that he’s using the SEC against political opponents?

Speaking of BHO attacking political opponents …


#2

Nixon used the IRS to harass his opponents. Obama uses every arm of the government that is available to him including the IRS, the Environmental Protection Agency, the NLB and most all his Justice Department with its selective enforcement of the law.

Obama should be impeached, but 55% of the dim witted population of this country now approve of him. Sad, sad indeed.


#3

That still makes me wonder WHY he was “given” $100,000 worth of shares. Nobody has ever given me even $9.99 worth of shares in anything. Somehow that smells like some kind of payoff or something & I don’t like that no matter what political party they are in.


#4

This is more info; (emphasis mine)

> The owner of the company had given Paxton $100,000 in shares of stock as a gift.
> While there are laws **requiring those in the financial industry **to disclose some of these types of relationships, there is nothing requiring regular Americans to do so, especially if there is no “quid pro quo.”

>
> Critics point out that Paxton voted in 2003 to increase the penalty for failing to register with the securities commission, when he was a freshman representative in the Texas House. Sadly, as many law-and-order conservatives like Paxton are finding out, the **laws can be manipulated **by the left to target them. Paxton reasonably believed his mere encouragement of friends to invest in Servergy did not trigger this requirement; he was not an “investment adviser representative” as defined by the statute.
>
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