SENATE AMENDMENT

    Bill No. SB 510

    Amendment No. 2

                            CHAMBER ACTION
              Senate                               House
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11  The Committee on Banking and Insurance recommended the

12  following amendment:

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14         Senate Amendment 

15         On page 13, lines 22-29, delete those lines

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17  and insert:

18         (4)  No investment adviser or associated person of an

19  investment adviser or federal covered adviser shall engage in

20  business from offices in this state, or render investment

21  advice to persons of this state, by mail or otherwise, unless

22  the federal covered adviser has made a notice filing with the

23  department pursuant to s. 517.1201, or the investment adviser

24  is registered pursuant to the provision of this chapter and

25  associated persons of the federal covered adviser or

26  investment adviser have been registered with the department

27  pursuant to this section. The department shall not register

28  any person as an associated person of a federal covered

29  adviser or an investment adviser unless the federal covered

30  adviser or investment adviser with which the applicant seeks

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    2:54 PM   02/03/98                                 s0510.bi.02