Sen. Angela Paxton files bill that would allow her husband, Texas Attorney General Ken Paxton, to issue exemptions from securities regulations

Sen. Angela Paxton's Senate Bill 860, based on a 2018 Arizona law, would grant broad powers to the attorney general’s consumer protection division.

Billed as a consumer-protection effort, the proposal would allow approved individuals to serve as investment advisers without registering with the state board — a felony under Texas law that Ken Paxton was charged with in 2015.

The Texas Tribune