UNSOLICITED ORDERS.
Tex. GOV'T Code § 4005.020.
in effectThe exemption provided by Section 4005.001 applies to a dealer's execution of an unsolicited order for the purchase of securities for which the initial offering of the securities has been completed if the dealer:
(1) acts solely as an agent for the purchaser;
(2) does not have a direct or indirect interest in the sale or distribution of securities ordered; and
(3) does not receive a commission, profit, or other compensation from any source other than the purchaser.
Added by Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171 ), Sec. 1.01, eff. January 1, 2022.