Legislature(2017 - 2018)

2018-04-19 Senate Journal

Full Journal pdf

2018-04-19                     Senate Journal                      Page 2793
HB 170                                                                                                                        
The Judiciary Committee considered CS FOR HOUSE BILL                                                                            
NO. 170(JUD) "An Act relating to securities, registration, exempt                                                               
securities, exempt transactions, broker-dealers, agents, investment                                                             
advice, investment advisers, investment adviser representatives,                                                                
federal covered securities, federal covered investment advisers,                                                                
viatical settlement interests, small intrastate security offerings,                                                             
Canadian broker-dealers, and Canadian agents; relating to protecting                                                            
older and vulnerable adults from financial exploitation; 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 and vulnerable adults; 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" and                                                          
recommended the adoption of the Labor and Commerce Senate                                                                       
Committee Substitute offered on page 2722. Signing do pass: Senator                                                             
Coghill, Chair; Senator Costello. Signing no recommendation:                                                                    
Senators Wielechowski, Kelly, Shower.                                                                                           
The following previously published fiscal information applies:                                                                  
 Fiscal Note No. 3, zero, Department of Commerce, Community                                                                     
  and Economic Development                                                                                                      
 Fiscal Note No. 4, zero, Department of Health and Social Services                                                              
The bill was referred to the Rules Committee.