1999-04-08                     Senate Journal                      Page 0818
HB 83                                                                        
CS FOR HOUSE BILL NO. 83(JUD)(title am) BY THE HOUSE                           
JUDICIARY COMMITTEE, entitled:                                                 
                                                                               
An Act relating to certain securities occupations and investment               
pools; relating, with regard to the Alaska Securities Act, to federal          
covered securities, the registration of securities, the general                
exemptions for securities and transactions, Internet offers of securities      
and transactions, file confidentiality, petitions to superior court by the     
administrator to reduce civil penalties to judgment, time limits for           
bringing court actions for violations, administrator-established fees          
and administrator-required reimbursements, consent to service, title,          
sales, purchases, offers to sell, and offers to purchase; exempting            
certain violations of the Alaska Securities Act from criminal                  
penalties; amending or repealing certain current definitions in the            
Alaska Securities Act; providing new Alaska Securities Act                     
definitions for certain securities occupations, for certain federal            
statutes, and for the terms advisory client, advisory fee, advisory            
services, clients who are natural persons, federal covered security,           
investment advisory business, investment advisory contract,                    
NASDAQ, notice filing, place of business, principal place of                   
business, securities business, substantial portion of the business,            
and supervised person; and providing for an effective date.                    
                                                                               
was read the first time and referred to the Labor and Commerce and             
Judiciary Committees.