Part 7.
STATE SECURITIES BOARD
Chapter 115.
SECURITIES DEALERS AND AGENTS
7 TAC §115.2
The Texas State Securities Board adopts an amendment to §115.2,
concerning securities dealers and agents, without changes to the proposed
text as published in the January 20, 2006, issue of the
Texas Register
(31 TexReg 364).
The amendment eliminates the requirement for filing an assumed name certificate
with an application for registration as a securities dealer.
An unnecessary filing is eliminated, resulting in a streamlined registration
process for securities dealers.
No comments were received regarding adoption of the amendment.
Statutory authority: Texas Civil Statutes, Article 581-28-1.
Section 28-1 provides the Board with the authority to adopt rules and regulations
necessary to carry out and implement the provisions of the Texas Securities
Act, including rules and regulations governing registration statements and
applications; defining terms; classifying securities, persons, and matters
within its jurisdiction; and prescribing different requirements for different
classes.
Cross-reference to Statute: Texas Civil Statutes, Articles 581-13 and 581-18.
This agency hereby certifies that the adoption has been reviewed
by legal counsel and found to be a valid exercise of the agency's legal authority.
Filed with the Office of
the Secretary of State on March 13, 2006.
TRD-200601590
Denise Voigt Crawford
Securities Commissioner
State Securities Board
Effective date: April 2, 2006
Proposal publication date: January 20, 2006
For further information, please call: (512) 305-8303
Chapter 116.
INVESTMENT ADVISERS AND INVESTMENT ADVISER REPRESENTATIVES