Georgia SB284: "Georgia Uniform Securities Act of 2008,"; issuance of orders by the Commissioner of Securities directing persons who have violated certain securities provisions to return; authorize

What the bill says

To amend Chapter 5 of Title 10 of the Official Code of Georgia Annotated, the "Georgia Uniform Securities Act of 2008," so as to authorize the issuance of orders by the Commissioner of Securities directing persons who have violated certain securities provisions to return to investors, customers, or clients sums paid in connection with securities purchases; to provide for related matters; to repeal conflicting laws; and for other purposes.

From the introduced text:

A BILL TO BE ENTITLED To amend Chapter 5 of Title 10 of the Official Code of Georgia Annotated, the "Georgia Uniform Securities Act of 2008," so as to authorize the issuance of orders by the Commissioner of Securities directing persons who have violated certain securities provisions to return to investors, customers, or clients sums paid in connection with securities purchases; to provide for related matters; to repeal conflicting laws; and for other purposes. BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA: SECTION 1. Chapter 5 of Title 10 of the Official Code of Georgia Annotated, the "Georgia Uniform Securities Act of 2008," is amended by revising Code Section 10-5-73, relating to cease and desist orders, denying, revoking, or conditioning exemptions for broker-dealers, and civil penalties, as follows: "10-5-73. (a) If the Commissioner determines that a person has engaged, is engaging, or is about to engage in an act, practice, or course of business constituting a violation of this chapter or a rule adopted or order issued under this chapter or that a person has materially aided, is materially aiding, or is about to materially aid an act, practice, or course of business S. B. LC 55 0536 constituting a violation of this chapter or a rule adopted or order issued under this chapter, the Commissioner may: (1) Issue …