Texas Administrative Code
Title 7 - BANKING AND SECURITIES
Part 7 - STATE SECURITIES BOARD
Chapter 137 - ADMINISTRATIVE GUIDELINES FOR REGULATION OF OFFERS
Section 137.1 - Application

Universal Citation: 7 TX Admin Code ยง 137.1
Current through Reg. 49, No. 12; March 22, 2024

This chapter relates to offers to sell securities which must be filed with the Commissioner under the Texas Securities Act, §22. This chapter does not apply to advertising for sales made in reliance upon exemptions contained in the Act, §5 or §6, including exemptions by rule adopted by the State Securities Board pursuant to the Texas Securities Act, §5.T. This chapter does not require the filing of any offering documents, prepared by or on behalf of the issuer, in connection with the offer of federal covered securities, as that term is defined in § RSA 107.2 of this title (relating to Definitions). The Act, §§29, 32, and 33, prohibits fraud or fraudulent practices in connection with the purchase or sale of any security, whether exempt or not. The Agency has jurisdiction to investigate and bring enforcement actions with respect to fraud or deceit, or unlawful conduct by a dealer or agent, in connection with any securities subject to the Texas Securities Act, including federal covered securities or transactions involving federal covered securities.

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