This is a clone of the Texas Administrative Code (TAC) for educational purposes. It is not the official version and should not be used for legal purposes. Site created Wed, 21 May 2025 21:16:38 GMT
For the purpose of determining the amount of an administrative fine assessed against a person or company under The Securities Act, §4007.106, the Securities Commissioner shall consider the following factors:(1) the seriousness, nature, circumstances, extent, and persistence of the conduct constituting the violation;(2) the harm to other persons resulting either directly or indirectly from the violation;(3) cooperation by the person or company in any inquiry conducted by the State Securities Board concerning the violation, efforts to prevent future occurrences of the violation, and efforts to mitigate the harm caused by the violation, including any restitution made to other persons injured by the acts of the person or company;(4) the history of previous violations by the person or company;(5) the need to deter the person, company or others from committing such violations in the future; and(6) such other matters as justice may require.