Texas Government Code - GOV'T § 4002.052. Membership Eligibility

(1) is registered as a dealer, agent, investment adviser, or investment adviser representative;

(2) has an active notice filing under this title to engage in business in this state as an investment adviser or investment adviser representative;

(3) is employed by or participates in the management of a business entity engaged in business as a securities dealer or investment adviser;  or

(4) has, other than as a consumer, a financial interest in a business entity engaged in business as a securities dealer or investment adviser.