Texas attorney general reaches deal to dismiss securities fraud charges

Ken Paxton must pay $300,000 to victims and complete 100 hours of community service as part of deal

Prosecutors on Tuesday announced an agreement with Texas attorney general Ken Paxton that would ultimately dismiss securities fraud charges he has been facing for nearly a decade.

Under the 18-month, pre-trial agreement, the special prosecutors in the case would drop three felony counts against Paxton. As part of the deal, Paxton must pay full restitution to victims - roughly $300,000 - and must also complete 100 hours of community service as well as 15 hours of legal ethics education.