AUSTIN, Texas (AP) — The wife of Texas Attorney General Ken Paxton said Tuesday that a bill she filed that would change state securities law “has literally nothing to do” with her husband facing criminal charges of defrauding investors, even as experts said the proposal appears to strike near the heart of his indictment.
Republican state Sen. Angela Paxton was elected in November, when Ken Paxton was re-elected as Texas’ top law enforcement officer. He won a second term despite his criminal indictment from 2015, when he was charged with two felony counts of securities fraud and failing to register as an investment adviser representative.
Angela Paxton’s bill would allow Texas entrepreneurs to test some financial products and services without a license. Asked if her husband never would have been charged under her legislation, Angela Paxton said, “That has literally nothing to do with why I filed the bill.”
