By George L. Flint Jr., St. Mary’s School of Law

Introduction
Preventing and providing remedies for fraud in the sale of stocks and bonds are the primary focus of securities regulation laws. The two major statutes to combat securities fraud in Texas are the Texas Securities Act (TSA) and the Texas Stock Fraud Act (TSFA). Since the legislature modeled the fraud provisions of the TSA on the federal statutes, Texas courts use federal decisions under the federal statutes to interpret the TSA’s similar language. This article therefore includes Fifth Circuit cases addressing securities fraud issues under both state and federal law. This article is not intended to exhaust all aspects of securities regulation but to update the Texas-based securities practitioner on new Texas developments that have emerged during the Survey period (December 1, 2016 to November 30, 2017).

Download the full article (PDF) here.

Recommended Citation
George L. Flint Jr., Securities Regulation, 4 SMU Ann. Tex. Surv. 425 (2018)