PARKER-PHILIP-MYERS,J-MAHAR, LUECHTEFELD, HALVORSON, OBAMA AND KEHOE. (MULLIGAN-SCHOENBERG-COULSON-WOOD-GASH) 815 ILCS 5/2.9 from Ch. 121 1/2, par. 137.2-9 815 ILCS 5/2.10a new 815 ILCS 5/2.12b from Ch. 121 1/2, par. 137.2-12b 815 ILCS 5/2.30 815 ILCS 5/8b new 815 ILCS 5/14 from Ch. 121 1/2, par. 137.14 Amends the Illinois Securities Law of 1953. Provides that, with respect to a federal covered investment adviser, "investment adviser representative" means any person who is an investment adviser representative with a place of business in this State as such terms are defined pursuant to the federal Investment Advisers Act of 1940. Prohibits unsolicited telephone calls to offer or sell securities unless the caller identifies himself or herself and the purpose of the call and unless the call is made within certain time periods. Makes a violation of certain provisions of the Law by use of a plan, program, or campaign that is conducted using one or more telephones for the purpose of inducing the purchase or sale of securities a Class 2 felony. Makes inducement, in the course of violating certain provisions of the Law, of a person 60 years of age or older to purchase or sell securities a Class 2 felony. Effective immediately. 98-02-20 S FIRST READING 98-02-20 S REFERRED TO SENATE RULES COMMITTEE RULES 98-02-25 S ASSIGNED TO COMMITTEE FIN INST 98-03-03 S ADDED AS A CHIEF CO-SPONSOR MYERS,J 98-03-03 S ADDED AS A CO-SPONSOR LUECHTEFELD 98-03-04 S ADDED AS A CHIEF CO-SPONSOR MAHAR 98-03-05 S DO PASS 007-000-000 SFIC 98-03-05 S PLACED ON CALENDAR ORDER OF 2ND READING 98-03-10 98-03-05 S ADDED AS A CO-SPONSOR HALVORSON 98-03-10 S ADDED AS A CO-SPONSOR REA 98-03-10 S SECOND READING 98-03-10 S PLACED ON CALENDAR ORDER OF 3RD READING 98-03-11 98-03-25 S ADDED AS A CO-SPONSOR OBAMA 98-03-26 S ADDED AS A CO-SPONSOR KEHOE 98-03-30 S FILED WITH SECRETARY 98-03-30 S AMENDMENT NO. 01-PARKER 98-03-30 S AMENDMENT REFERRED TO SRUL 98-03-31 S MOTION TO TABLE AMENDMENT - PREVAILED PARKER/01 98-03-31 S AMENDMENT NO. 01-PARKER 98-03-31 S TABLED 98-04-01 S THIRD READING - PASSED 059-000-000 98-04-01 H ARRIVE IN HOUSE 98-04-01 H HOUSE SPONSOR SCHOENBERG 98-04-01 H ADDED AS A JOINT SPONSOR MULLIGAN 98-04-01 H FIRST READING 98-04-01 H REFERRED TO HOUSE RULES COMMITTEE RULES 98-04-22 H ALTERNATE PRIMARY SPONSOR CHANGED TO MULLIGAN 98-04-22 H ASSIGNED TO COMMITTEE FIN INSTIT 98-04-28 H ADDED AS A JOINT SPONSOR SCHOENBERG 98-04-28 H ADDED AS A JOINT SPONSOR COULSON 98-04-28 H ADDED AS A JOINT SPONSOR WOOD 98-04-29 H DO PASS/SHORT DEBATE 024-000-000 HFIN 98-04-29 H PLACED CALENDAR 2ND READING-SHORT DEBATE 98-04-30 H SECOND READING-SHORT DEBATE 98-04-30 H PLCD CAL ORDER 3RD READING-SHORT DEBATE 98-04-30 H ADDED AS A JOINT SPONSOR GASH 98-05-06 H THIRD READING/SHORT DEBATE/PASSED 116-000-000 98-05-06 S PASSED BOTH HOUSES 98-06-04 S SENT TO THE GOVERNOR 98-07-30 S GOVERNOR APPROVED 98-07-30 S EFFECTIVE DATE 98-07-30 98-07-30 S PUBLIC ACT.............................. 90-0667 END OF INQUIRY Full Text Bill Summary