Texas Names New Leaders to State Securities Board
The new appointments will influence regulatory oversight for all firms selling securities and offering investment advice in Texas.
Updated on Oct. 28, 2026 in People
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Governor Greg Abbott appointed attorneys and consultants Glenn MacTaggart and Paula Ann Miller to the Texas State Securities Board. The board regulates securities offerings and industry participants, with the new appointees set to serve until 2031.
Why it matters
The State Securities Board serves as the primary regulatory body for investment advisors and firms selling securities in Texas. These appointments influence the oversight environment for financial professionals and entities seeking to register and sell securities throughout the state.
The appointments represent a turnover in state oversight for the Texas State Securities Board, which registers all securities sold in the state. Terms for both appointees will run until January 20, 2031.
The players
Glenn MacTaggart
An attorney at Prichard Oliver Montpas LLP and a veteran of the Army Reserve with 30 years of service who now chairs the Texas State Securities Board.
Paula Ann Miller
The owner of P.A. Miller Consulting and a board director of Schweizer who joins the state regulator as a board member.
Governor Greg Abbott
The chief executive of Texas who holds the authority to appoint members to state boards and commissions.
State Securities Board
The state regulatory agency responsible for overseeing the registration of securities and the conduct of investment advisors in Texas.
The details
The State Securities Board acts as the gatekeeper for capital market activity in Texas by registering securities and monitoring the conduct of investment advisors. As chair, MacTaggart will lead board efforts to oversee compliance and enforcement across the local financial services industry. The board's work directly dictates the regulatory requirements for firms and individuals operating within the state's investment and securities markets.
Timeline
October 27, 2026: Governor Abbott announced the board appointments.
January 20, 2031: The terms for both MacTaggart and Miller expire.
Market Landscape
The State Securities Board operates under the Texas Securities Act to maintain market integrity across the state. These appointments follow the standard transition cycle for leadership at the board, which maintains its ongoing oversight of the financial services sector.
Operators in the financial services sector should track board meetings to stay informed of upcoming changes to registration requirements and enforcement priorities. Businesses providing investment advice or selling securities should monitor future board policy updates for shifts in compliance expectations.
The takeaway
The appointment of a new chair signals a shift in the leadership dynamic that may impact how the board prioritizes its regulatory focus. Financial operators should monitor the Texas State Securities Board meeting schedule to anticipate changes in registration scrutiny or disclosure requirements.
Further reading
For broader context on personnel changes influencing local oversight, see the People section.
Source note: This article includes information reported by The Eagle.
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