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- Subject Index: Since 1995
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2009 SESSION
SB 1243 Securities Act; increases maximum civil penalty that SCC may impose for violation thereof.
Introduced by: Walter A. Stosch | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Virginia Securities Act; penalties. Increases the maximum civil penalty that the State Corporation Commission may impose for a violation of the Virginia Securities Act, any order, rule, or regulation issued under the Act, or any knowing material misrepresentation, from $5,000 to $10,000. The measure also authorizes the Commission to order sellers to rescind unlawful sales and to make restitution in cases under the Virginia Securities Act where the Commission is authorized to impose a civil penalty. Currently, the Commission is authorized only to request rescission and restitution.
FULL TEXT
- 01/13/09 Senate: Prefiled and ordered printed; offered 01/14/09 090040864 pdf | impact statement
- 01/22/09 Senate: Printed as engrossed 090040864-E pdf | impact statement
- 02/28/09 Senate: Bill text as passed Senate and House (SB1243ER) pdf | impact statement
- 03/27/09 Governor: Acts of Assembly Chapter text (CHAP0566) pdf
AMENDMENTS
HISTORY
- 01/13/09 Senate: Prefiled and ordered printed; offered 01/14/09 090040864
- 01/13/09 Senate: Referred to Committee on Commerce and Labor
- 01/19/09 Senate: Reported from Commerce and Labor with amendments (14-Y 0-N)
- 01/21/09 Senate: Constitutional reading dispensed (39-Y 0-N)
- 01/22/09 Senate: Read second time
- 01/22/09 Senate: Reading of amendments waived
- 01/22/09 Senate: Committee amendments agreed to
- 01/22/09 Senate: Engrossed by Senate as amended SB1243E
- 01/22/09 Senate: Printed as engrossed 090040864-E
- 01/23/09 Senate: Read third time and passed Senate (40-Y 0-N)
- 02/02/09 House: Placed on Calendar
- 02/02/09 House: Read first time
- 02/02/09 House: Referred to Committee on Commerce and Labor
- 02/17/09 House: Reported from Commerce and Labor (18-Y 2-N)
- 02/19/09 House: Read second time
- 02/20/09 House: Read third time
- 02/20/09 House: Amendment by Delegate Kilgore agreed to
- 02/20/09 House: Engrossed by House as amended
- 02/20/09 House: Passed House with amendment (99-Y 1-N)
- 02/20/09 House: VOTE: --- PASSAGE (99-Y 1-N)
- 02/24/09 Senate: House amendment agreed to by Senate (39-Y 0-N)
- 02/28/09 Senate: Enrolled
- 02/28/09 Senate: Bill text as passed Senate and House (SB1243ER)
- 02/28/09 House: Signed by Speaker
- 03/04/09 Senate: Signed by President
- 03/27/09 Governor: Approved by Governor-Chapter 566 (effective 7/1/09)
- 03/27/09 Governor: Acts of Assembly Chapter text (CHAP0566)