Texas § 4007.102 CEASE AND DESIST ORDER: INVESTMENT ADVISER OR INVESTMENT ADVISER REPRESENTATIVE.

Texas Statutes

§ 4007.102 — CEASE AND DESIST ORDER: INVESTMENT ADVISER OR INVESTMENT ADVISER REPRESENTATIVE.

Texas § 4007.102

Code GVGovernment Code

This text of Texas § 4007.102 (CEASE AND DESIST ORDER: INVESTMENT ADVISER OR INVESTMENT ADVISER REPRESENTATIVE.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Government Code Code Ann. § 4007.102 (2026).

Text

Sec. 4007.102. CEASE AND DESIST ORDER: INVESTMENT ADVISER OR INVESTMENT ADVISER REPRESENTATIVE.

(a)Notwithstanding any provision of this title to the contrary, the commissioner may hold a hearing as provided by this section if at any time it appears to the commissioner that:

(1)an investment adviser or investment adviser representative is engaging or is likely to engage in fraud or a fraudulent practice with respect to rendering services as an investment adviser or investment adviser representative; or

(2)a person is acting as an investment adviser or investment adviser representative in violation of this title.

(b)A hearing under this section must be held not later than the 30th day after the date the person described by Subsection (a):

(1)receives actual notice; or

(2)is provided n

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Sec. 4007.102. CEASE AND DESIST ORDER: INVESTMENT ADVISER OR INVESTMENT ADVISER REPRESENTATIVE. (a) Notwithstanding any provision of this title to the contrary, the commissioner may hold a hearing as provided by this section if at any time it appears to the commissioner that:
(1) an investment adviser or investment adviser representative is engaging or is likely to engage in fraud or a fraudulent practice with respect to rendering services as an investment adviser or investment adviser representative; or
(2) a person is acting as an investment adviser or investment adviser representative in violation of this title.
(b) A hearing under this section must be held not later than the 30th day after the date the person described by Subsection (a):
(1) receives actual notice; or
(2) is provided notice by registered or certified mail, return receipt requested, to the person's last known address.
(c) After the hearing, the commissioner shall issue or decline to issue a cease and desist order. An order issued under this subsection must:
(1) require the investment adviser or investment adviser representative to immediately cease and desist from the fraudulent conduct; or
(2) prohibit an unregistered or other unauthorized person who is not exempt from the registration or notice filing requirements of this title from acting as an investment adviser or investment adviser representative in violation of this title.