A trial is underway in San Antonio for two Lubbock financial advisors, Michael Cox and Joshua Allen. They are accused of misleading investors and concealing information about their business, Ferrum Capital. Investors have testified that their signatures were forged on documents.

The advisors are alleged to have hidden their high commissions and lied about the use of investor funds. However, they deny these accusations, claiming the business simply failed. Witnesses have come forward to testify about their investments in Ferrum Capital, with one stating that contracts on file with the firm were not signed by them.

Further details about the trial and accusations against Cox and Allen are available from KCBD News. The trial continues in San Antonio, with the Justice Department presenting its case against the two advisors.