Section 137.1 - Application(a) This chapter relates to offers to sell securities which must be filed with the Commissioner under the Texas Securities Act, Chapter 4003, Subchapter E.(b) This chapter does not apply to advertising for sales made in reliance upon exemptions contained in the Act, Chapter 4005, Subchapters A or B, including exemptions by rule adopted by the State Securities Board pursuant to the Texas Securities Act, §4005.024.(c) 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 § 107.2 of this title (relating to Definitions).(d) The Texas Securities Act 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.7 Tex. Admin. Code § 137.1
The provisions of this §137.1 adopted to be effective August 12, 1980, 5 TexReg 3043; amended to be effective May 16, 1991, 16 TexReg 2472; amended to be effective April 8, 1997, 22 TexReg 3229; Amended by Texas Register, Volume 49, Number 13, March 29, 2024, TexReg 2068, eff. 4/7/2024