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Panel backs HB 559 to create securities‑fraud compensation fund financed by fines and fees
State Government committee · March 11, 2026
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Summary
HB 559 would let the Securities Commission establish a market accountability compensation fund, funded by industry fines and fees, to provide relief to securities‑fraud victims with emphasis on senior investors; committee adopted an amendment and passed the bill as amended.
Representative Underwood told the State Government committee HB 559 is "the first of its kind in the state of Alabama," describing a framework for the Securities Commission to establish a market accountability compensation fund to…
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