| (a) An applicant taking exception to the failure or
refusal of the Securities Commissioner to register the applicant as
a dealer, agent, investment adviser, or investment adviser representative
under the Act, §14, §15, or §18, or to the failure
or refusal of the Commissioner to register securities of the applicant
or to issue a permit to the applicant under the Act, §7 or §10,
may request a hearing pursuant to the Act, §24, by filing a written
request with the Commissioner.
(b) Except when an emergency order has been issued
pursuant to the Act, §23-2, each party in a contested case is
entitled to an opportunity for hearing after reasonable notice of
not less than 10 days and to respond and present evidence and argument
on each issue involved in the case.
(c) Such hearings shall be open to the public in accordance
with the Open Meetings Act, Texas Government Code, Chapter 551, except
as may be required by this chapter.
(d) In a contested case filed at SOAH, SOAH Rules of
Procedure, the APA, and the Board rules shall apply.
(e) Procedure in a contested case is governed by the
law in effect on the date of the filing of the Notice of Hearing.
|
