HB 1407 -- Securities Protection

Sponsor:  Zweifel

This bill changes the process for registering securities in
Missouri by requiring a statement of cash flows instead of a
statement declaring changes in financial position.  The bill also
removes the discretion of the Commissioner of Securities to
institute a revocation or suspension proceeding based on an order
issued under a law of another state that is reported more than
one year after the date of the order.  Orders from the
commissioner may include a civil penalty or the costs of the
investigation when sought in the statement accompanying the
order.  The standard for imposing a $50,000 civil penalty changes
from several violations to more than one violation of a
commissioner's order.

Missouri House of Representatives
93rd General Assembly, 2nd Regular Session
Last Updated November 29, 2006 at 9:43 am