Ben-Schoter v. State

OPINION

KEITH, Justice.

Appellant was charged in a four-count indictment with violations of the Texas Securities Act, Tex.Rev.Civ.Stat.Ann., Art. 581-1, et seq., (“Act”). He entered a plea of not guilty but was found guilty by the jury as charged in the third count. This count charged that appellant, acting with an agent, did unlawfully sell and offer for sale an interest in an oil, gas and mineral lease which was not a duly registered security with the Securities Commissioner of the State of Texas.

The trial court originally assessed his punishment at confinement for five years but reduced it…