House Bill (S)

Authored by

Sponsored by

DIGEST

Securities matters. Decreases the frequency of meetings of the mortgage lending and fraud prevention task force. Exempts certain offers to sell or sales of the securities of issuers made after June 30, 2017, from provisions in the Indiana Uniform Securities Act (Act) concerning the registration of securities and the filing of specified sales and advertising literature with the securities commissioner. Changes the fee structure under the Act with respect to federal covered securities. Makes numerous other changes in the law concerning the registration of securities and notice filings for federal covered securities. Provides that for purposes of the statute concerning Securities matters. Decreases the frequency of meetings of the mortgage lending and fraud prevention task force. Exempts certain offers to sell or sales of the securities of issuers made after June 30, 2017, from provisions in the Indiana Uniform Securities Act (Act) concerning the registration of securities and the filing of specified sales and advertising literature with the securities commissioner. Changes the fee structure under the Act with respect to federal covered securities. Makes numerous other changes in the law concerning the registration of securities and notice filings for federal covered securities. Provides that for purposes of the statute concerning financially endangered adults, an individual associated with an investment adviser (in addition to an individual associated with a broker-dealer) is a "qualified individual" required to report the suspected financial exploitation of a financially endangered adult. Adjusts the percentage of civil penalties collected for violations of the Act that are deposited in the securities restitution fund (fund) and increases the amount of the maximum award from the fund from $15,000 to $25,000. Adds violations of: (1) the Act; (2) the statute regulating loan brokers; and (3) the Indiana Commodity Code; to the Indiana Code section specifying the statute of limitations for prosecutions of offenses under the statute concerning cemetery perpetual care funds. ... View more