Tex. Gov't Code § 4007.203 · Subchapter E. CRIMINAL PROVISIONS
FRAUDULENT CONDUCT; OFFENSE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A person commits an offense if:
(1) the person directly or indirectly:
(A) engages in any fraud or fraudulent practice;
(B) employs any device, scheme, or artifice to defraud;
(C) knowingly makes an untrue statement of a material fact or omits to state a material fact necessary in order to make the statements made, in light of the circumstances under which they are made, not misleading; or
(D) engages in any act, practice, or course of business that operates or will operate as a fraud or deceit on any person; and
(2) the applicable conduct is committed in connection with:
(A) the sale of, the offering for sale or delivery of, the purchase of, the offer to purchase, invitation of offers to purchase, invitations of offers to sell, or dealing in any other manner in any security, regardless of whether the transaction or security is exempt under Chapter 4005; or
(B) the rendering of services as an investment adviser or an investment adviser representative.
(b) An offense under this section is:
(1) a felony of the third degree, if the amount involved in the offense is less than $10,000;
(2) a felony of the second degree, if the amount involved in the offense is $10,000 or more but less than $100,000; or
(3) a felony of the first degree, if the amount involved is $100,000 or more.
(c) An indictment for an offense under this section may be brought only before the fifth anniversary of the date the offense was committed.
Notes and commentary — not statutory text
History
Added by Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 1.01, eff. January 1, 2022.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.4007.htm
- Text hash
- sha256 c93098f4a64e278ee731eb965e9a8329df8d5b65c7532d40c9868ae9529461c3
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Government Code
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.