Clayton Brokerage Co. of St. Louis, Inc. v. Mouer

ON MOTION FOR REHEARING

Upon suit by the State of Texas, the trial court entered final judgment ordering that Petitioner, et al., be permanently enjoined from selling and offering to sell, within the State of Texas, securities involving “London Commodity Options” except in compliance with the Securities Act of Texas. The Court of Civil Appeals affirmed this judgment, stating: “We affirm the judgment of the trial court enjoining appellant from selling securities involving London options, because the offer and sale of such securities without registration is prohibited by the Texas Securities…