Texas law
Securities & Finance Laws in Texas.
Federal securities law ('33 Act, '34 Act, '40 Act) is administered by the SEC. Texas supplements with the Texas Securities Act (Tex. Gov't Code § 4001.001 et seq., recodified 2019), administered by the Texas State Securities Board. The Act governs registration of securities (where not federally preempted), broker-dealers, investment advisers, and agents, and provides state anti-fraud remedies. Texas is a major oil-and-gas securities venue given the state's energy industry. Texas recently reincorporated several public companies (Tesla, SpaceX) — increasing Texas's role in corporate-governance practice.
Last verified: 2026-04-17
State law
Key Texas Statutes
Governs registration of securities and of broker-dealers, investment advisers, and agents. Recodified 2019 from former Texas Revised Civil Statutes Art. 581.
Prohibits schemes to defraud, material misstatements or omissions, and fraudulent or deceitful practices in connection with securities transactions.
Buyers of securities sold in violation of the Act may sue for rescission or damages. Subject to statute of limitations.
State law
Official Sources
Not Legal Advice
This page summarizes publicly available statutes and rules for informational purposes only. It does not constitute legal advice, and no attorney-client relationship is created by viewing this content. Laws change — always verify with the primary source or consult a licensed attorney in Texas.
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