No, that was a different offense, "failure to register" as an investment advisor, with that fine being levied by the Texas State Securities Board.
Haven't read the indictment yet (haven't found a copy, still searching), but from news reports, it reads like "fraud."
This article has a little more info about the charges, but not the actual indictment:
From the article:
“Indictments signed last week and unsealed today say that in July 2011, Paxton ‘engaged in fraud’ by selling more than $100,000 of common stock in Servergy Inc. to both Byron Cook and Joel Hochberg without disclosing that he would be compensated for their purchases or that he had already been paid with 100,000 shares of the company.
“A year later, Paxton allegedly ‘rendered services as an investment advisor representative to James and Freddie Henry’ without being registered with the states securities commissioner.
“That third charge failing to register as a financial agent is an action to which he has already admitted in a civil proceeding.”
Per the article above:
"Sources said a grand jury in Collin County handed up the indictments Tuesday, which were immediately sealed."