Inspections & Compliance

Inspections and Compliance staff periodically inspect the business premises of registered dealers and investment advisers to ensure compliance with all applicable securities laws and regulations.

The on-site inspections are generally scheduled in advance and are focused on registered investment advisers and those registered dealers who are located in Texas but are not members of the Financial Industry Regulatory Authority (FINRA). All registrants, however, are subject to inspection.

Inspections and Compliance staff also investigate complaints and review disclosure information concerning persons and firms registered with the Texas Securities Commissioner.

Administrative, civil, or criminal penalties may be imposed in cases where violations of the applicable securities laws and regulations are detected through inspections or investigations.