Sec. 4007.051. COMPLAINTS FILED WITH COMMISSIONER OR BOARD. (a) The commissioner or the commissioner's designee shall maintain a system to promptly and efficiently act on complaints filed with the commissioner or board concerning a person registered under this title. The commissioner or the commissioner's designee shall maintain information about parties to the complaint, the subject matter of the complaint, a summary of the results of the review or investigation of the complaint, and its disposition.
(b) The commissioner or the commissioner's designee shall make information available describing the board's procedures for complaint investigation and resolution.
(c) The commissioner or the commissioner's designee shall periodically notify the complaint parties of the status of the complaint until final disposition unless the notice would jeopardize a law enforcement investigation.
Amended by:
Acts 2021, 87th Leg., R.S., Ch. 915 (H.B. 3607), Sec. 9.103, eff. January 1, 2022.
Structure Texas Statutes
Subchapter B. Inspections and Investigations
Section 4007.051. Complaints Filed With Commissioner or Board
Section 4007.053. Investigative Authority
Section 4007.054. Service of Subpoena, Summons, or Other Process
Section 4007.055. Enforcement of Subpoena; Contempt
Section 4007.056. Confidentiality of Investigative Information
Section 4007.057. Compensation of Witnesses
Section 4007.058. Imposition of Costs on Parties
Section 4007.059. Assistance to Securities Regulators in Other Jurisdictions