Dallas-based brokerage WFG Investments has been fined $175,000 by the Texas Securities Commission for failing to adequately monitor the sales of risky alternative investments to clients, the commission announced Friday.

From 2009 to 2013, WFG failed to conduct its own review on whether the sales of alternatives by its broker-dealers who were advisors with an unaffiliated firm violated the limit on the holdings of alternatives in a customer’s account, the commission said in a press release.

WFG considered the sales as the regulatory responsibility of the advisory firm alone.

“Broker-dealers utilizing sales agents who are also affiliated with a third-party investment advisor cannot evade their responsibility to supervise securities transactions conducted by the agents simply because of the investment advisory relationship,” Texas Securities Commissioner John Morgan said.

Last December, the Financial Industry Regulatory Authority censured and fined WFG $700,000 for the same category of lapses. In the settlement with Finra, WFG did not admit or deny the charges.