Articles Posted in Texas Securities Board

In a letter dated December 11, 2015, the Texas State Securities Board (“Board”) granted a no-action request by Managed Financial Service Corporation, Inc. (“MFSC”) that paves the way for a retiring investment adviser representative to receive continuing compensation after retirement. The Board confirmed that it would not commence or seek…

The Texas State Securities Board has recently proposed amending Section 116.2 of the Texas Securities Regulations to add a new requirement that each investment adviser seeking to register under the Texas Securities Act submit to the Board a balance sheet prepared in accordance with generally accepted accounting principles that reflects…