Bill Status of HB3232  9th General Assembly

Short Description:  SECURITIES - INSURANCE

House Sponsors
Rep. Constance A. Howard - Esther Golar

Last Action
DateChamber Action
  1/8/2013HouseSession Sine Die

Statutes Amended In Order of Appearance
815 ILCS 5/8from Ch. 121 1/2, par. 137.8

Synopsis As Introduced
Amends the Illinois Securities Law of 1953. Provides that upon registration of an investment adviser representative, the applicant shall file evidence setting forth that such investment adviser representative has in effect fidelity insurance and insurance or other equivalent protection for each client's cash or securities held by the investment adviser representative, and an undertaking that the investment adviser representative will continually maintain such fidelity insurance and insurance or other protection during the period of registration or re-registration. Provides that such fidelity insurance and insurance or other protection shall be in a form and amount reasonably prescribed by the Secretary of State by rule or regulation.

DateChamber Action
  2/24/2011HouseFiled with the Clerk by Rep. Constance A. Howard
  2/24/2011HouseAdded Chief Co-Sponsor Rep. Esther Golar
  2/24/2011HouseFirst Reading
  2/24/2011HouseReferred to Rules Committee
  2/28/2011HouseAssigned to Consumer Protection Committee
  3/17/2011HouseRule 19(a) / Re-referred to Rules Committee
  1/8/2013HouseSession Sine Die