Sec. 4001.060. INVESTMENT ADVISER REPRESENTATIVE. (a) Except as provided by Subsection (b), "investment adviser representative" includes a person or company who, for compensation, is employed, appointed, or authorized by an investment adviser to solicit clients for the investment adviser or who provides investment advice, directly or through subagents, as defined by board rule, to an investment adviser's clients on behalf of the investment adviser.
(b) "Investment adviser representative" does not include a partner of a partnership or officer of a corporation or other entity that is registered as an investment adviser under this title solely because of the person's status as a partner or officer of that entity.
Added by Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 1.01, eff. January 1, 2022.
Structure Texas Statutes
Chapter 4001 - General Provisions
Section 4001.051. Applicability of Definitions; Construction of Certain Conjunctions
Section 4001.055. Commissioner
Section 4001.057. Federal Covered Investment Adviser
Section 4001.058. Fraud; Fraudulent Practice
Section 4001.059. Investment Adviser
Section 4001.060. Investment Adviser Representative
Section 4001.063. No Par Value; Par Value
Section 4001.064. Person; Company
Section 4001.065. Registered Dealer
Section 4001.066. Registered Investment Adviser