The Florida Senate

CS/SB 1126: Investor Protection [CPSC]

GENERAL BILL by Judiciary ; Richter ; (CO-INTRODUCERS) Ring ; Storms ; Oelrich ; Lynn ; Crist ; Aronberg

Investor Protection [CPSC]; Expands the jurisdiction of the Office of Statewide Prosecution to investigate and prosecute certain additional offenses. Exempts certain transactions involving viatical settlement investments from certain registration requirements. Authorizes the Financial Services Commission to waive certain requirements by rule. Provides that certain actions constitute an immediate and serious danger to the public safety, health & welfare, etc.

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• Bill History

  Date	Chamber	Action
  2/2/2009	Senate	• Filed
  2/12/2009	Senate	• Referred to Banking and Insurance; Criminal Justice; Governmental Oversight and Accountability; Judiciary; Policy & Steering Committee on Ways and Means
  2/27/2009	Senate	• On Committee agenda-- Banking and Insurance, 03/04/09, 9:00 am, 412-K
  3/3/2009	Senate	• Introduced, referred to Banking and Insurance; Criminal Justice; Governmental Oversight and Accountability; Judiciary; Policy & Steering Committee on Ways and Means -SJ 00069; On Committee agenda-- Banking and Insurance, 03/04/09, 9:00 am, 412-K
  3/4/2009	Senate	• Favorable with 1 amendment(s) by Banking and Insurance (978174); YEAS 7 NAYS 0 -SJ 00140; Pending reference review under Rule 4.7(2) - (Amendments)
  3/5/2009	Senate	• Now in Criminal Justice -SJ 00140
  3/20/2009	Senate	• On Committee agenda-- Criminal Justice, 03/25/09, 10:15 am, 37-S
  3/25/2009	Senate	• Favorable by Criminal Justice; YEAS 8 NAYS 0 -SJ 00250
  3/26/2009	Senate	• Now in Governmental Oversight and Accountability -SJ 00250; On Committee agenda-- Governmental Oversight and Accountability, 03/31/09, 2:15 pm, 110-S
  3/31/2009	Senate	• Favorable by Governmental Oversight and Accountability; YEAS 8 NAYS 0 -SJ 00291
  4/2/2009	Senate	• Now in Judiciary -SJ 00292
  4/8/2009	Senate	• On Committee agenda-- Judiciary, 04/15/09, 3:00 pm, 110-S
  4/15/2009	Senate	• CS by Judiciary; YEAS 9 NAYS 0 -SJ 00413; CS read 1st time on 04/21/09 -SJ 00422
  4/17/2009	Senate	• Pending reference review under Rule 4.7(2) - (Committee Substitute)
  4/20/2009	Senate	• Now in Policy & Steering Committee on Ways and Means -SJ 00413
  4/23/2009	Senate	• On Committee agenda-- Policy & Steering Committee on Ways and Means, 04/23/09, 2:02 pm, 412-K; Favorable by- Policy & Steering Committee on Ways and Means; YEAS 21 NAYS 0 -SJ 00507; Placed on Calendar, on 2nd reading -SJ 00507
  4/28/2009	Senate	• Placed on Special Order Calendar
  4/29/2009	Senate	• Placed on Special Order Calendar; Substituted CS/CS/HB 483 -SJ 00822; Laid on Table, Link/Iden/Sim/Compare passed, refer to CS/CS/HB 483 (Ch. 2009-242) -SJ 00822

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• CS/SB 1126, Committee Substitute 1 (Current Bill Version) Posted 4/17/2009 at 1:15 PM

  Bill Text:	Web Page | PDF

  Analyses:	Judiciary (Post-Meeting) (pdf) Policy and Steering Committee on Ways and Means (Post-Meeting) (pdf)

  Related Bills (1)

  Bill Number	Subject	Filed By	Relationship	Last Action and Location
  H 483 (c2)		Grady	Similar	Last Action: 6/29/2009 Approved by Governor; Chapter No. 2009-242 Location:

  Committee Votes (1)

  Date	Committee	Result
  4/23/2009 2:02 PM	Policy and Steering Committee on Ways and Means	21 Yeas - 0 Nays

  Citations - Statutes (15)

  Citation	Catchline	Location in Bill Location In Bill Help
  16.56	Office of Statewide Prosecution.
  517.021	Definitions.
  517.072	Viatical settlement investments.
  517.12	Registration of dealers, associated persons, investment advisers, and branch offices.
  517.121	Books and records requirements; examinations.
  517.1215	Requirements, rules of conduct, and prohibited business practices for investment advisors and their associated persons.
  517.1217	Rules of conduct and prohibited business practices for dealers and their associated persons.
  517.141	Payment from the fund.
  517.161	Revocation, denial, or suspension of registration of dealer, investment adviser, associated person, or branch office.
  517.1611
  517.191	Injunction to restrain violations.
  517.221	Cease and desist orders.
  517.275	Commodities; prohibited practices.
  896.108
  905.34	Powers and duties; law applicable.

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• SB 1126, Original Filed Version Posted 3/3/2009 at 3:54 PM

  Bill Text:	Web Page | PDF

  Analyses:	Banking and Insurance (Post-Meeting) (pdf) Criminal Justice (Post-Meeting) (pdf) Governmental Oversight and Accountability (Post-Meeting) 3/27/2009 (pdf)

  Committee Amendments (2)

  Amendment	Sponsor	Filed	Last Committee Action	Format
  978174 - Amendment	Banking and Insurance (Richter)	3/3/2009 8:28 AM	Favorable 4/15/2009	Web Page PDF
  335284 - Amendment	Judiciary (Richter)	4/14/2009 7:44 PM	Replaced by Committee Substitute 4/15/2009	Web Page PDF

  Committee Votes (4)

  Date	Committee	Result
  3/4/2009 9:00 AM	Banking and Insurance	7 Yeas - 0 Nays
  3/25/2009 10:15 AM	Criminal Justice	8 Yeas - 0 Nays
  3/31/2009 2:15 PM	Governmental Oversight and Accountability	8 Yeas - 0 Nays
  4/15/2009 3:00 PM	Judiciary	9 Yeas - 0 Nays

  Citations - Statutes (14)

  Citation	Catchline	Location in Bill Location In Bill Help
  16.56	Office of Statewide Prosecution.
  517.021	Definitions.
  517.072	Viatical settlement investments.
  517.12	Registration of dealers, associated persons, investment advisers, and branch offices.
  517.121	Books and records requirements; examinations.
  517.1215	Requirements, rules of conduct, and prohibited business practices for investment advisors and their associated persons.
  517.1217	Rules of conduct and prohibited business practices for dealers and their associated persons.
  517.141	Payment from the fund.
  517.161	Revocation, denial, or suspension of registration of dealer, investment adviser, associated person, or branch office.
  517.1611
  517.191	Injunction to restrain violations.
  517.221	Cease and desist orders.
  517.275	Commodities; prohibited practices.
  905.34	Powers and duties; law applicable.

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