(a) A dealer or agent may not sell or offer for sale any securities issued after September 6, 1955, unless the commissioner has issued a permit qualifying securities for sale for those securities to the issuer of the securities or a registered dealer.
(b) This section does not apply to:
(1) securities that have been registered by notification under Subchapter B or by coordination under Subchapter C; or
(2) transactions or securities that are exempt under Chapter 4005.