An Austin broker gets his license revoked by the State of Texas. The Texas State Securities board revoked George “Gus” Marweigh’s license after he allegedly failed to disclose excessive commissions, misuse of client funds and other conflicts. He’s accused of selling $5 million dollars worth of pension-linked investments and real estate development notes to clients; using an escrow account as his personal account.
(PHOTO:SHUTTERSTOCK/Castleski)
