Legislature(2015 - 2016)
2016-03-04 Senate Journal
Full Journal pdf2016-03-04 Senate Journal Page 2027 SB 108 The Labor and Commerce Committee considered SENATE BILL NO. 108 "An Act repealing and reenacting the Alaska Securities Act, including provisions relating to exempt securities and transactions; relating to registration of securities, firms, and agents that offer or sell securities and investment advice; relating to administrative, civil, and criminal enforcement provisions, including restitution and civil penalties for violations; allowing certain civil penalties to be used for an investor training fund; establishing increased civil penalties for harming older Alaskans; retaining provisions concerning corporations organized under the Alaska Native Claims Settlement Act; amending Rules 4, 5, 54, 65, and 90, Alaska Rules of Civil Procedure; and providing for an effective date" and recommended it be replaced with CS FOR SENATE BILL NO. 108(L&C) "An Act relating to securities, registration, exempt securities, exempt transactions, broker-dealers, agents, investment advice, investment advisers, investment adviser representatives, federal covered securities, 2016-03-04 Senate Journal Page 2028 federal covered investment advisers, viatical settlement interests, Canadian broker-dealers, and Canadian agents; relating to administrative, civil, and criminal enforcement provisions, including restitution and civil penalties for violations; relating to an investor training fund; establishing increased civil penalties for harming older persons; relating to corporations organized under the Alaska Native Claims Settlement Act; amending Rules 4, 5, 54, 65, and 90, Alaska Rules of Civil Procedure, and Rule 602, Alaska Rules of Appellate Procedure; and providing for an effective date." Signing do pass: Senator Costello, Chair; Senator Giessel. Signing no recommendation: Senator Meyer. The following fiscal information was published today: Fiscal Note No. 2, zero, Department of Administration Fiscal Note No. 3, indeterminate, Department of Commerce, Community and Economic Development The bill was referred to the Judiciary Committee.