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Committee approves raising cap on securities enforcement fund to allow multi‑year planning
Summary
The committee favorably recommended SB 82, which raises the cap on the Securities Investor Education, Training and Enforcement Fund so the Division of Securities can retain larger fine proceeds to invest in enforcement and education tools; the measure passed 6–1.
Senator McKell presented SB 82 to the House Economic Development and Workforce Services Committee on Feb. 17, asking the committee to increase the cap on the Securities Investor Education, Training and Enforcement Fund so the Division of Securities can make long‑term plans rather than arbitrarily spending down balances at fiscal‑year end.
Robert Cummings…
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