Sec. 4002.152. RULES REGARDING COMPETITIVE BIDDING OR ADVERTISING. (a) The board may not adopt rules restricting competitive bidding or advertising by a person registered under this title except to prohibit false, misleading, or deceptive practices by the person.
(b) The board may not include in the board's rules to prohibit false, misleading, or deceptive practices by a person regulated by the board a rule that:
(1) restricts the person's use of any advertising medium;
(2) restricts the person's personal appearance or use of the person's voice in an advertisement;
(3) relates to the size or duration of an advertisement by the person; or
(4) restricts the person's advertisement under a trade name.
(c) This section does not affect limitations on advertising in Section 4005.012, 4005.013, or 4005.021 or in rules adopted by the board under Section 4005.024.
Added by Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 1.01, eff. January 1, 2022.
Structure Texas Statutes
Chapter 4002 - State Securities Board and Securities Commissioner
Subchapter D. Powers and Duties of Board and Commissioner
Section 4002.152. Rules Regarding Competitive Bidding or Advertising
Section 4002.153. Board Delegation of Rulemaking Authority
Section 4002.1535. Alternative Rulemaking and Dispute Resolution
Section 4002.154. Commissioner Discretion Regarding Rules
Section 4002.155. Deposit of Receipts to General Revenue Fund
Section 4002.156. Board Authority to Exercise Commissioner's Powers
Section 4002.157. List of Securities Offered
Section 4002.158. Record of Proceedings
Section 4002.159. Record of Certain Filings and Orders
Section 4002.160. Commissioner's Access to Records and Reports of Other State Agencies
Section 4002.161. Confidentiality of Certain Information