SEC files revised securities fraud complaint against Paxton

AUSTIN – The U.S. Securities and Exchange Commission on Friday filed amended securities fraud charges against Texas Attorney General Ken Paxton, renewing its case against the state’s top lawman after a federal judge earlier this month threw out an initial set of charges.

The commission has argued that Paxton, the first-term attorney general, had a duty in 2011 to tell potential investors that he would make a commission if he convinced them to invest in a McKinney-based tech company called Servergy Inc. Paxton’s attorney disputes that he was under any such obligation.