reglab/housing_qa huggingface dataset:
TX Govt Code § 4004.102 (2021)
2021 Texas Statutes|Government Code|Title 12 - Securities Act|Chapter 4004 - Regulation of Dealers, Investment Advisers, Dealers' Agents, and Investment Adviser Representatives|Subchapter C. Registration of Agents and Investment Adviser Representatives|Section 4004.102. Registration of Investment Adviser Representatives

Sec. 4004.102.  REGISTRATION OF INVESTMENT ADVISER REPRESENTATIVES.  (a)  A person may not act or render services as an investment adviser representative for an investment adviser in this state unless the person is registered or submits a notice filing as an investment adviser representative for that particular investment adviser as provided by this subchapter and Subchapter G.(b)  On written application by an investment adviser and on satisfactory compliance with the requirements of this title, the commissioner shall register a person as an investment adviser representative of that investment adviser.|Added by Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 1.01, eff. January 1, 2022.|
TX Govt Code § 4004.103 (2021)
2021 Texas Statutes|Government Code|Title 12 - Securities Act|Chapter 4004 - Regulation of Dealers, Investment Advisers, Dealers' Agents, and Investment Adviser Representatives|Subchapter C. Registration of Agents and Investment Adviser Representatives|Section 4004.103. Application for Registration

Sec. 4004.103.  APPLICATION FOR REGISTRATION.  The application described by Sections 4004.101 and 4004.102 must:(1)  be in the form the commissioner prescribes;(2)  state:(A)  the residence and address of the person whose registration as an agent or investment adviser representative is requested through the application; and(B)  any other information relating to that person's previous history, record, and associations that the commissioner may require; and(3)  be signed and sworn to by the person whose registration as an agent or investment adviser representative is requested through the application.|Added by Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 1.01, eff. January 1, 2022.|
TX Govt Code § 4004.104 (2021)
2021 Texas Statutes|Government Code|Title 12 - Securities Act|Chapter 4004 - Regulation of Dealers, Investment Advisers, Dealers' Agents, and Investment Adviser Representatives|Subchapter C. Registration of Agents and Investment Adviser Representatives|Section 4004.104. Issuance of Evidence of Registration

Sec. 4004.104.  ISSUANCE OF EVIDENCE OF REGISTRATION.  For each person registered under this subchapter, the commissioner shall issue evidence of registration of the agent or investment adviser representative to the registered dealer or investment adviser who requested the person's registration, as appropriate. The registered dealer or investment adviser who requested the person's registration shall retain the evidence of registration for the dealer's agents or investment adviser's representatives, as appropriate.|Added by Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 1.01, eff. January 1, 2022.|
TX Govt Code § 4004.105 (2021)
2021 Texas Statutes|Government Code|Title 12 - Securities Act|Chapter 4004 - Regulation of Dealers, Investment Advisers, Dealers' Agents, and Investment Adviser Representatives|Subchapter C. Registration of Agents and Investment Adviser Representatives|Section 4004.105. Form and Contents of Evidence of Registration

Sec. 4004.105.  FORM AND CONTENTS OF EVIDENCE OF REGISTRATION.  The evidence of registration described by Section 4004.104 must:(1)  be in the form the commissioner prescribes; and(2)  state:(A)  the name of the agent or investment adviser representative;(B)  the address of the registered dealer or investment adviser, as appropriate; and(C)  that the person is registered for the current calendar year as an agent of the dealer or as an investment adviser representative of the investment adviser, as appropriate.|Added by Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 1.01, eff. January 1, 2022.|
TX Govt Code § 4004.106 (2021)
2021 Texas Statutes|Government Code|Title 12 - Securities Act|Chapter 4004 - Regulation of Dealers, Investment Advisers, Dealers' Agents, and Investment Adviser Representatives|Subchapter C. Registration of Agents and Investment Adviser Representatives|Section 4004.106. Cancellation of Registration

Sec. 4004.106.  CANCELLATION OF REGISTRATION.  On application by a registered dealer or investment adviser, the commissioner shall cancel the registration of the registered dealer's agent or the investment adviser's representative.|Added by Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 1.01, eff. January 1, 2022.|
TX Govt Code § 4004.151 (2021)
2021 Texas Statutes|Government Code|Title 12 - Securities Act|Chapter 4004 - Regulation of Dealers, Investment Advisers, Dealers' Agents, and Investment Adviser Representatives|Subchapter D. Examination Requirements|Section 4004.151. Examination Requirements

Sec. 4004.151.  EXAMINATION REQUIREMENTS.  (a)  Except as provided by Subsection (c), the commissioner shall require that, to be registered under this chapter, each applicant must pass a written examination to determine whether the applicant possesses the qualifications and competency to engage in the business of dealing in and selling securities as a dealer or agent, or rendering services as an investment adviser or investment adviser representative.  If the applicant is a corporation or partnership, the officers, directors, or partners to be licensed by the corporation or partnership must pass the written examination described by this section.(b)  The commissioner may accept some or all of the examinations administered by securities self-regulatory organizations to fulfill the examination requirements of this section.(c)  The board may waive the examination requirement under Subsection (a) for any applicant or class of applicants.|Added by Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 1.01, eff. January 1, 2022.|
TX Govt Code § 4004.152 (2021)
2021 Texas Statutes|Government Code|Title 12 - Securities Act|Chapter 4004 - Regulation of Dealers, Investment Advisers, Dealers' Agents, and Investment Adviser Representatives|Subchapter D. Examination Requirements|Section 4004.152. Examination Results

Sec. 4004.152.  EXAMINATION RESULTS.  (a)  Except as provided by Subsection (b), the board shall notify each examinee of the results of a registration examination required by this subchapter not later than the 30th day after the date the examinee takes the examination.(b)  If an examination is graded or reviewed by a testing service:(1)  the board shall notify each examinee of the results of the examination not later than the 14th day after the date the board receives the results from the testing service; and(2)  if notice of the examination results will be delayed for longer than 90 days after the examination date, the board shall notify each examinee of the reason for the delay before the 90th day.(c)  The board may require a testing service to notify an examinee of the results of the examination.(d)  If requested in writing by an examinee who fails an examination administered under this subchapter, the board shall provide the examinee with an analysis of the examinee's performance on the examination.|Added by Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 1.01, eff. January 1, 2022.|
TX Govt Code § 4004.201 (2021)
2021 Texas Statutes|Government Code|Title 12 - Securities Act|Chapter 4004 - Regulation of Dealers, Investment Advisers, Dealers' Agents, and Investment Adviser Representatives|Subchapter E. Denial or Revocation of Registration|Section 4004.201. Denial of Registration

Sec. 4004.201.  DENIAL OF REGISTRATION.  The commissioner may deny an application for registration under this chapter in accordance with Section 4007.105.|Added by Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 1.01, eff. January 1, 2022.|
TX Govt Code § 4004.202 (2021)
2021 Texas Statutes|Government Code|Title 12 - Securities Act|Chapter 4004 - Regulation of Dealers, Investment Advisers, Dealers' Agents, and Investment Adviser Representatives|Subchapter E. Denial or Revocation of Registration|Section 4004.202. Automatic Revocation of Registration of Agents and Investment Adviser Representatives After Revocation of Registration of Dealer or Investment Adviser

Sec. 4004.202.  AUTOMATIC REVOCATION OF REGISTRATION OF AGENTS AND INVESTMENT ADVISER REPRESENTATIVES AFTER REVOCATION OF REGISTRATION OF DEALER OR INVESTMENT ADVISER.  (a)  The revocation of the registration of a dealer or an investment adviser under Section 4007.105 constitutes a revocation of the registration of any agent of the dealer or of any investment adviser representative of the investment adviser, as appropriate.(b)  The commissioner shall promptly send notice of the revocation of the registration of a dealer or of an investment adviser to each applicable agent or investment adviser representative.(c)  All evidences of registration that have been revoked shall be immediately surrendered to the commissioner on request.|Added by Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 1.01, eff. January 1, 2022.|
TX Govt Code § 4004.251 (2021)
2021 Texas Statutes|Government Code|Title 12 - Securities Act|Chapter 4004 - Regulation of Dealers, Investment Advisers, Dealers' Agents, and Investment Adviser Representatives|Subchapter F. Expiration and Renewal of Registration|Section 4004.251. Expiration of Registration

Sec. 4004.251.  EXPIRATION OF REGISTRATION.  Except as provided by Sections 4004.252(a) and 4004.253, all registrations expire at the end of the calendar year.|Added by Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 1.01, eff. January 1, 2022.|
TX Govt Code § 4004.252 (2021)
2021 Texas Statutes|Government Code|Title 12 - Securities Act|Chapter 4004 - Regulation of Dealers, Investment Advisers, Dealers' Agents, and Investment Adviser Representatives|Subchapter F. Expiration and Renewal of Registration|Section 4004.252. Renewal of Registration

Sec. 4004.252.  RENEWAL OF REGISTRATION.  (a)  A person may renew an unexpired registration by filing a renewal application in the form the commissioner prescribes and by paying the required renewal fee to the board before the registration's expiration date.(b)  New registrations for the year succeeding the expiration of registrations shall be issued on the filing of a written application and payment of the fee as provided by this subchapter.  If an applicant registers after December 1 of any year, the applicant may immediately apply for a renewal of the applicant's registration for the ensuing year.(c)  The filing of additional statements or the provision of additional information is not required for renewal unless specifically requested by the commissioner.|Added by Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 1.01, eff. January 1, 2022.|
TX Govt Code § 4004.253 (2021)
2021 Texas Statutes|Government Code|Title 12 - Securities Act|Chapter 4004 - Regulation of Dealers, Investment Advisers, Dealers' Agents, and Investment Adviser Representatives|Subchapter F. Expiration and Renewal of Registration|Section 4004.253. Staggered Renewal; Proration of Registration Renewal Fee

Sec. 4004.253.  STAGGERED RENEWAL; PRORATION OF REGISTRATION RENEWAL FEE.  (a)  The board by rule may adopt a system under which registrations expire on various dates during the year.(b)  For the year in which the registration expiration date is changed, registration fees payable after the 60th day and before the 30th day before January 1 of the next year shall be prorated on a monthly basis so that each person pays only that portion of the registration fee that is allocable to the number of months during which the registration is valid.  On renewal of the registration on the new expiration date, the total registration renewal fee is payable.|Added by Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 1.01, eff. January 1, 2022.|
TX Govt Code § 4004.254 (2021)
2021 Texas Statutes|Government Code|Title 12 - Securities Act|Chapter 4004 - Regulation of Dealers, Investment Advisers, Dealers' Agents, and Investment Adviser Representatives|Subchapter F. Expiration and Renewal of Registration|Section 4004.254. Notice of Expiration Required

Sec. 4004.254.  NOTICE OF EXPIRATION REQUIRED.  Not later than the 30th day before the date a person's registration is scheduled to expire, the commissioner shall send written notice of the impending expiration to the person at the person's last known address according to the board's records.|Added by Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 1.01, eff. January 1, 2022.|
TX Govt Code § 4004.255 (2021)
2021 Texas Statutes|Government Code|Title 12 - Securities Act|Chapter 4004 - Regulation of Dealers, Investment Advisers, Dealers' Agents, and Investment Adviser Representatives|Subchapter F. Expiration and Renewal of Registration|Section 4004.255. Renewal of Expired Registration

Sec. 4004.255.  RENEWAL OF EXPIRED REGISTRATION.  (a)  A person whose registration has been expired for 90 days or less may renew the registration by:(1)  filing a renewal application with the commissioner; and(2)  paying to the board:(A)  the required renewal fee; and(B)  a fee that is equal to one-half of the original registration application fee.(b)  A person whose registration has been expired for more than 90 days but less than two years may renew the registration by:(1)  filing a renewal application with the commissioner; and(2)  paying to the board:(A)  all unpaid renewal fees; and(B)  a fee that is equal to the original registration application fee.(c)  A person whose registration has been expired for two years or more may not renew the registration.  The person may obtain a new registration by complying with the requirements and procedures, including the examination requirements, for obtaining an original registration.  The person must pay to the board a fee that is equal to the original registration application fee.|Added by Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 1.01, eff. January 1, 2022.|
TX Govt Code § 4004.256 (2021)
2021 Texas Statutes|Government Code|Title 12 - Securities Act|Chapter 4004 - Regulation of Dealers, Investment Advisers, Dealers' Agents, and Investment Adviser Representatives|Subchapter F. Expiration and Renewal of Registration|Section 4004.256. Effect of Expired Registration

Sec. 4004.256.  EFFECT OF EXPIRED REGISTRATION.  A person who sells securities or who renders investment advising services after the person's registration has expired but before the registration is renewed is subject to the sanctions provided by this title for selling securities or rendering investment advice without being registered.|Added by Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 1.01, eff. January 1, 2022.|
TX Govt Code § 4004.257 (2021)
2021 Texas Statutes|Government Code|Title 12 - Securities Act|Chapter 4004 - Regulation of Dealers, Investment Advisers, Dealers' Agents, and Investment Adviser Representatives|Subchapter F. Expiration and Renewal of Registration|Section 4004.257. Continuing Education

Sec. 4004.257.  CONTINUING EDUCATION.  (a)  The board may recognize, prepare, or administer continuing education programs for a person who is registered under this chapter.(b)  A person who is registered under this chapter must participate in continuing education programs if the board requires participation as a condition of maintaining the person's certificate or evidence of registration.|Added by Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 1.01, eff. January 1, 2022.|
TX Govt Code § 4004.301 (2021)
2021 Texas Statutes|Government Code|Title 12 - Securities Act|Chapter 4004 - Regulation of Dealers, Investment Advisers, Dealers' Agents, and Investment Adviser Representatives|Subchapter G. Notice Filings of Federal Covered Investment Advisers and Certain Representatives of Federal Covered Investment Advisers|Section 4004.301. Applicability

Sec. 4004.301.  APPLICABILITY.  This subchapter does not apply to an investment adviser or investment adviser representative who is exempt from registration under this title or by board rule.|Added by Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 1.01, eff. January 1, 2022.|
TX Govt Code § 4004.302 (2021)
2021 Texas Statutes|Government Code|Title 12 - Securities Act|Chapter 4004 - Regulation of Dealers, Investment Advisers, Dealers' Agents, and Investment Adviser Representatives|Subchapter G. Notice Filings of Federal Covered Investment Advisers and Certain Representatives of Federal Covered Investment Advisers|Section 4004.302. Notice Filing

Sec. 4004.302.  NOTICE FILING.  The board by rule shall authorize a federal covered investment adviser or a representative of a federal covered investment adviser to render services as an investment adviser in this state if the commissioner receives:(1)  a notice filing submitted by the adviser or representative that:(A)  is on the form and contains the information the commissioner prescribes; and(B)  if applicable, contains a consent to service appointing the commissioner as the adviser's attorney for service of process, as required by Section 4001.102; and(2)  a notice filing fee in the amount determined under Chapter 4006.|Added by Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 1.01, eff. January 1, 2022.|
TX Govt Code § 4004.303 (2021)
2021 Texas Statutes|Government Code|Title 12 - Securities Act|Chapter 4004 - Regulation of Dealers, Investment Advisers, Dealers' Agents, and Investment Adviser Representatives|Subchapter G. Notice Filings of Federal Covered Investment Advisers and Certain Representatives of Federal Covered Investment Advisers|Section 4004.303. Effective Date of Notice Filing

Sec. 4004.303.  EFFECTIVE DATE OF NOTICE FILING.  On the commissioner's receipt of a notice filing and fee payment that meet the requirements of Section 4004.302, the notice filing takes effect and is valid for the remainder of the calendar year.|Added by Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 1.01, eff. January 1, 2022.|
TX Govt Code § 4004.304 (2021)
2021 Texas Statutes|Government Code|Title 12 - Securities Act|Chapter 4004 - Regulation of Dealers, Investment Advisers, Dealers' Agents, and Investment Adviser Representatives|Subchapter G. Notice Filings of Federal Covered Investment Advisers and Certain Representatives of Federal Covered Investment Advisers|Section 4004.304. Renewal

Sec. 4004.304.  RENEWAL.  A federal covered investment adviser or a representative of a federal covered investment adviser may renew a notice filing on or before the filing's expiration date if the commissioner receives:(1)  a renewal notice filing submitted by the adviser or representative; and(2)  a renewal fee in the amount determined under Chapter 4006.|Added by Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 1.01, eff. January 1, 2022.|
TX Govt Code § 4004.351 (2021)
2021 Texas Statutes|Government Code|Title 12 - Securities Act|Chapter 4004 - Regulation of Dealers, Investment Advisers, Dealers' Agents, and Investment Adviser Representatives|Subchapter H. Requirements for Protection of Vulnerable Adults From Financial Exploitation|Section 4004.351. Definitions

Sec. 4004.351.  DEFINITIONS.  In this subchapter:(1)  "Department" means the Department of Family and Protective Services.(2)  "Exploitation," "financial exploitation," and "vulnerable adult" have the meanings assigned by Section 281.001, Finance Code.(3)  "Securities professional" means an agent, an investment adviser representative, or a person who serves in a supervisory or compliance capacity for a dealer or investment adviser.|Added by Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 1.01, eff. January 1, 2022.Amended by: Acts 2021, 87th Leg., R.S., Ch. 915 (H.B. 3607), Sec. 9.106, eff. January 1, 2022.|
TX Govt Code § 4004.353 (2021)
2021 Texas Statutes|Government Code|Title 12 - Securities Act|Chapter 4004 - Regulation of Dealers, Investment Advisers, Dealers' Agents, and Investment Adviser Representatives|Subchapter H. Requirements for Protection of Vulnerable Adults From Financial Exploitation|Section 4004.353. Form and Content of Report

Sec. 4004.353.  FORM AND CONTENT OF REPORT.  The board by rule shall prescribe the form and content of the report required to be submitted by a dealer or investment adviser to the commissioner under Section 4004.352(b).|Added by Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 1.01, eff. January 1, 2022.|
TX Govt Code § 4004.354 (2021)
2021 Texas Statutes|Government Code|Title 12 - Securities Act|Chapter 4004 - Regulation of Dealers, Investment Advisers, Dealers' Agents, and Investment Adviser Representatives|Subchapter H. Requirements for Protection of Vulnerable Adults From Financial Exploitation|Section 4004.354. Notifying Third Parties of Suspected Financial Exploitation of Vulnerable Adults

Sec. 4004.354.  NOTIFYING THIRD PARTIES OF SUSPECTED FINANCIAL EXPLOITATION OF VULNERABLE ADULTS.  If a dealer or investment adviser submits reports of suspected financial exploitation of a vulnerable adult to the commissioner and the department under Section 4004.352(b), the dealer or investment adviser may at the time the dealer or investment adviser submits the reports also notify a third party reasonably associated with the vulnerable adult of the suspected financial exploitation, unless the dealer or investment adviser suspects the third party of financial exploitation of the vulnerable adult.|Added by Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 1.01, eff. January 1, 2022.|
TX Govt Code § 4004.355 (2021)
2021 Texas Statutes|Government Code|Title 12 - Securities Act|Chapter 4004 - Regulation of Dealers, Investment Advisers, Dealers' Agents, and Investment Adviser Representatives|Subchapter H. Requirements for Protection of Vulnerable Adults From Financial Exploitation|Section 4004.355. Temporary Hold on Transactions in Certain Cases of Suspected Financial Exploitation of Vulnerable Adults

Sec. 4004.355.  TEMPORARY HOLD ON TRANSACTIONS IN CERTAIN CASES OF SUSPECTED FINANCIAL EXPLOITATION OF VULNERABLE ADULTS.  (a)  Notwithstanding any other law, a dealer or investment adviser:(1)  may place a hold on any transaction that involves an account of a vulnerable adult if the dealer or investment adviser:(A)  submits a report of suspected financial exploitation of the vulnerable adult to the commissioner and the department under Section 4004.352(b); and(B)  has cause to believe the transaction is related to the suspected financial exploitation alleged in the report; and(2)  must place a hold on any transaction involving an account of a vulnerable adult if the hold is requested by the commissioner, the department, or a law enforcement agency.(b)  Subject to Subsection (c), a hold placed on any transaction under Subsection (a) expires on the 10th business day after the date the hold is placed.(c)  A dealer or investment adviser may extend a hold placed on any transaction under Subsection (a) for a period not to exceed 30 business days after the expiration of the period prescribed by Subsection (b) if requested by a state or federal agency or a law enforcement agency investigating the suspected financial exploitation.  The dealer or investment adviser may also petition a court to extend a hold placed on any transaction under Subsection (a) beyond the period prescribed by Subsection (b).  A court may enter an order extending or shortening a hold or providing other relief.(d)  Each dealer and investment adviser shall adopt internal policies, programs, plans, or procedures for placing a hold on a transaction involving an account of a vulnerable adult under Subsection (a).|Added by Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 1.01, eff. January 1, 2022.Amended by: Acts 2021, 87th Leg., R.S., Ch. 502 (H.B. 4477), Sec. 3, eff. January 1, 2022.|