On April 3, 2020, Texas Securities Commissioner Travis J. Iles issued an Emergency Cease and Desist Order against James Frederick Walsh (Boca Raton, FL). Given the COVID-19 pandemic, the allegations in the Order are astounding. According to the final section of the Order, Walsh has 31 days to request a hearing. Any knowing violation of the Order is a criminal offense punishable by a fine of not more than $10,000, or imprisonment for two to ten years, or by both such fine and imprisonment. The seven-page Order is here.