Establishes the Market Accountability Compensation Fund to provide restitution assistance to investment fraud victims.

This bill establishes the Market Accountability Compensation Fund in the State Treasury to provide monetary relief to victims of investment fraud who cannot recover funds from the perpetrator. The Alabama Securities Commission is authorized to use the fund for restitution assistance. The commission can transfer funds from the Alabama Securities Commission Fund to the Market Accountability Compensation Fund, with an initial transfer of $2.5 million and additional transfers up to $2.25 million. The commission may suspend or prorate payments if the fund balance falls below $250,000.

Establishes the Market Accountability Compensation Fund to provide restitution assistance to investment fraud victims.

This bill establishes the Market Accountability Compensation Fund in the State Treasury to provide monetary relief to victims of investment fraud who cannot recover funds from the perpetrator. The Alabama Securities Commission is authorized to use the fund for restitution assistance. The commission can transfer funds from the Alabama Securities Commission Fund to the Market Accountability Compensation Fund, with an initial transfer of $2.5 million and additional transfers up to $2.25 million. The commission may suspend or prorate payments if the fund balance falls below $250,000.