The State Securities Board is responsible for administering and enforcing the Texas Securities Act. The agency is overseen by five Board members appointed by the Governor, with the advice and consent of the Senate, for six-year overlapping terms. The Board adopts and periodically updates rules to ensure that investors are adequately protected and that unreasonable burdens on legitimate capital-raising activities are avoided. The Board appoints a Securities Commissioner who serves at its pleasure and serves as the agency's chief administrative officer and supervises the day-to-day activities of the staff.
Updated: Sunset Act Review Completed
House Bill 1535, the Sunset Act review legislation continuing the Texas State Securities Board for 12 years, has been signed into law. Additional reports regarding Sunset Act review are available:
Sunset Advisory Commission Report: Implementation of 2019 Sunset Recommendations
Final Results of Sunset Review
Sunset Advisory Commission Staff Report with Commission Decisions
Sunset Commission Staff Report
State Securities Board Self-Evaluation Report and Supplemental Self-Evaluation Report.
Pursuant to the requirements of The Securities Act, Tex. Rev. Civ. Stat. Ann. Arts. 581-1 to 581-45, the mission of the State Securities Board is to protect investors. Consistent with that mission, the agency seeks to encourage capital formation, job formation, free and competitive securities markets and minimize burdens on issuers and persons subject to the Act, especially small businesses.
In addition to its main office located in Austin, the agency has branch offices in Corpus Christi, Dallas, and Houston. Find more information, including how to contact our staff, on our Offices page.
Read more about the Securities Board and the Agency's functions on our Agency Overview page.