Date	Chamber	Action
1/13/2021	Senate	Session Sine Die

Statutes Amended In Order of Appearance

815 ILCS 5/8

from Ch. 121 1/2, par. 137.8

Synopsis As Introduced
Amends the Illinois Securities Law of 1953. Provides that every registered dealer, limited Canadian dealer, Internet portal, and investment adviser shall provide to the Secretary of State, upon request, such accounts, correspondence, memoranda, papers, books, and records as the Secretary of State may by rule prescribe, that it possesses and that it preserves for periods of longer than 3 years.

Senate Committee Amendment No. 1

	Adds reference to:
	815 ILCS 5/2.11	from Ch. 121 1/2, par. 137.2-11

815 ILCS 5/2.12b

from Ch. 121 1/2, par. 137.2-12b

815 ILCS 5/3.5 new

815 ILCS 5/12

from Ch. 121 1/2, par. 137.12

815 ILCS 5/2.10a rep.

Adds provisions amending the Illinois Securities Law of 1953. Removes the definition for "telephone solicitor". Makes changes to the definitions of "investment adviser" and "investment adviser representative". Provides that the Secretary of State has the authority to enforce the Act as it pertains to the offer, sale, or investment advice concerning covered securities under the Act. Provides that it is a violation of the Act to make a false or misleading statement during sworn testimony before the Secretary of State or the Illinois Securities Department within the Office of the Secretary. Effective July 1, 2019.

Actions 

Date	Chamber	Action
2/15/2019	Senate	Filed with Secretary by Sen. Ram Villivalam
2/15/2019	Senate	First Reading
2/15/2019	Senate	Referred to Assignments
2/27/2019	Senate	Assigned to Judiciary
3/4/2019	Senate	Senate Committee Amendment No. 1 Filed with Secretary by Sen. Ram Villivalam
3/4/2019	Senate	Senate Committee Amendment No. 1 Referred to Assignments
3/6/2019	Senate	Senate Committee Amendment No. 1 Assignments Refers to Judiciary
3/19/2019	Senate	Senate Committee Amendment No. 1 Adopted
3/20/2019	Senate	Do Pass as Amended Judiciary; 008-000-000
3/20/2019	Senate	Placed on Calendar Order of 2nd Reading March 21, 2019
4/4/2019	Senate	Second Reading
4/4/2019	Senate	Placed on Calendar Order of 3rd Reading April 9, 2019
4/10/2019	Senate	Third Reading - Passed; 056-000-000
4/11/2019	House	Arrived in House
4/11/2019	House	Chief House Sponsor Rep. Emanuel Chris Welch
4/11/2019	House	First Reading
4/11/2019	House	Referred to Rules Committee
1/13/2021	Senate	Session Sine Die

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