Establishes the Fund for the Compensation of Victims of Securities Fraud and outlines procedures for compensation.
The bill creates the Fund for the Compensation of Victims of Securities Fraud, which will be used to compensate victims of securities fraud. It outlines the process for applying for compensation, including eligibility requirements and conditions for receiving compensation. The bill also mandates the adoption of regulations by the Securities Division of the Office of the Secretary of State to govern the Fund, including eligibility, compensation amounts, and appeal procedures.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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