Illinois General Assembly - Bill Status for HB5740

Home

Legislation & Laws

Senate

House

My Legislation

Site Map

Previous General Assemblies

Bill Status of HB5740 96th General Assembly

Full Text Votes Witness Slips View All Actions Printer-Friendly Version

Short Description: SECURITIES LAW-VIOLATION-FINE

House Sponsors
Rep. Bill Mitchell

Last Action

Date	Chamber	Action
1/11/2011	House	Session Sine Die

Statutes Amended In Order of Appearance

815 ILCS 5/11

from Ch. 121 1/2, par. 137.11

Synopsis As Introduced
Amends the Illinois Securities Law of 1953. Provides that the Secretary of State may impose a fine not to exceed $100,000 (instead of not to exceed $10,000) for a violation of the Law. Provides that in addition to any other sanction or remedy provided for, the Secretary of State, after finding that any provision of the Law has been violated, shall notify all of the clients of any sanctioned party, by registered mail, that a violation has taken place. Provides that the costs of this notification shall be covered by fines imposed on the sanctioned party. Provides for immunity from liability for the Secretary of State. Effective immediately.

Actions

Date	Chamber	Action
2/9/2010	House	Filed with the Clerk by Rep. Bill Mitchell
2/9/2010	House	First Reading
2/9/2010	House	Referred to Rules Committee
2/16/2010	House	Assigned to Judiciary I - Civil Law Committee
3/15/2010	House	Rule 19(a) / Re-referred to Rules Committee
1/11/2011	House	Session Sine Die

×