7 Tex. Admin. Code § 115.21 - System Addressing Suspected Financial Exploitation of Vulnerable Customers Pursuant to the Texas Securities Act, Chapter 4004, Subchapter H

(a) System. Each dealer shall establish, maintain, and enforce a written system of policies, programs, plans, or procedures to address suspected financial exploitation of vulnerable adults. The system must be reasonably designed to achieve compliance with the Texas Securities Act, Chapter 4004, Subchapter H.

(b) Reporting. The report of suspected financial exploitation (complaint) required by the Texas Securities Act, §4004.352, must be made in writing to the Securities Commissioner. The complaint may be in the form of a letter or memorandum and submitted electronically, by facsimile, or any other method designed to assure its prompt receipt. A template for submitting the required information is available on the website of the Texas State Securities Board. The complaint shall include:

(1) the name, age, and address of the vulnerable adult;

(2) the name and address of any person responsible for the care of the vulnerable adult;

(3) the nature and extent of the condition of the vulnerable adult;

(4) the basis of the dealer's knowledge; and

(5) any other relevant information.

Notes

7 Tex. Admin. Code § 115.21

Adopted by Texas Register, Volume 43, Number 23, June 8, 2018, TexReg 3780, eff. 6/12/2018; Amended by Texas Register, Volume 50, Number 10, March 7, 2025, TexReg 1804, eff. 3/13/2025