HB1957I-SECURITIES REGULATION
Summary of the Introduced Bill

HB 1957 -- Securities Regulation

Sponsor:  Luetkemeyer

This bill grants an automatic 30-day temporary registration for
investment advisors while transferring their employment from one
registered broker-dealer to another.  The Commissioner of
Securities will have 120 days to institute a proceeding to revoke
or suspend the registration of any advisor or broker-dealer.  The
bill also places the burden of proof upon the person claiming
that a security is covered by federal law.

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Missouri House of Representatives
Last Updated October 11, 2002 at 9:03 am