Texas Government Code 4003.304 – Investor Education
Current as of: 2024 | Check for updates
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(a) The commissioner, with board approval, shall develop and implement investor education initiatives to inform the public about the basics of investing in securities. The initiatives must place a special emphasis on the prevention and detection of securities fraud. Materials developed for and distributed as part of the initiatives must be published in both English and Spanish.
(b) In developing and implementing the initiatives, the commissioner shall use the commissioner’s best efforts to collaborate with public or nonprofit entities with an interest in investor education.
Terms Used In Texas Government Code 4003.304
- Fraud: Intentional deception resulting in injury to another.
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
(c) For use in providing investor education initiatives and subject to Chapter 575, the commissioner may accept grants and donations from:
(1) a person who is not affiliated with the securities industry; or
(2) a nonprofit association, regardless of whether the entity is affiliated with the securities industry.