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Senate advances securities‑law overhaul with fund for investor education
Summary
Senate Bill 19, a substitute to the Uniform Securities Act, was presented in committee of the whole; the Division of Securities described a new consumer education fund to use administrative fines for investor education and enforcement funding, and the bill advanced to later consideration.
Senate substitute Bill 19, presented as a comprehensive update to Utah's securities statute, received a detailed floor presentation and was taken into a committee of the whole for Q&A with John Baldwin of the Division of Securities.
Baldwin described a multi‑year drafting effort with industry and regulator input and said the bill balances…
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