Sec. 4007.201. UNAUTHORIZED SALE OF SECURITIES; OFFENSE. (a) A person commits an offense if the person sells, offers for sale or delivery, solicits subscriptions to or orders for, disposes of, invites orders for, or deals in any other manner in a security issued after September 6, 1955, unless:
(1) the security has been registered under Subchapter B or C, Chapter 4003; or
(2) a permit qualifying securities for sale has been issued under Subchapter A, Chapter 4003, with respect to the security.
(b) A person commits an offense if the person sells, offers for sale or delivery, solicits subscriptions to or orders for, disposes of, invites offers for, or deals in any other manner in a security without being a registered dealer or registered agent as provided in this title.
(c) An offense under this section is a felony of the third degree.
Added by Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 1.01, eff. January 1, 2022.
Structure Texas Statutes
Subchapter E. Criminal Provisions
Section 4007.201. Unauthorized Sale of Securities; Offense
Section 4007.203. Fraudulent Conduct; Offense
Section 4007.204. Materially False Statement in Document or Proceeding; Offense
Section 4007.205. False Statement or Representation Concerning Registration; Offense
Section 4007.206. Violation of Cease and Desist Order; Offense
Section 4007.207. Noncompliant Offer or Offer Prohibited by Cease Publication Order; Offense