HB 389 -- Securities Protection

Sponsor:  Zweifel

This bill changes the process for registering securities in
Missouri by requiring a statement of cash flow instead of a
statement declaring changes in financial position.  The bill also
removes the discretion of the Commissioner of Securities within
the Office of the Secretary of State 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
94th General Assembly, 1st Regular Session
Last Updated July 25, 2007 at 11:19 am