Citations Affected: IC 23-2.
Synopsis: Securities commissioner. Conference committee report for ESB 435. Provides the
procedure for the securities commissioner to obtain the assistance of county prosecutors and the
attorney general for enforcement actions. Removes the commissioner from the conduct of
hearings by permitting the appointment of hearing officers. Allows the commissioner to enter
orders of rescission, restitution, and disgorgement, including interest at the rate of 8%, to loan
brokers. (This conference committee report provides that upon issuance of an order or
notice without a prior hearing by the commissioner regarding an order of rescission,
restitution, and disgorgement, the commissioner will promptly notify the respondent that
upon the receipt of a written request the matter will be set down for a hearing to
commence with 15 days after the receipt of the request.)
Effective: July 1, 2003.
MR. PRESIDENT:
Your Conference Committee appointed to confer with a like committee from the House
upon Engrossed House Amendments to Engrossed Senate Bill No. 435 respectfully reports
that said two committees have conferred and agreed as follows to wit:
that the Senate recede from its dissent from all House amendments and
that the Senate now concur in all House amendments to the bill and that
the bill be further amended as follows:
____________________________ ____________________________
Senator ClarkRepresentative Bardon
Chairperson
____________________________ ____________________________
Senator BrodenRepresentative Ripley
Senate Conferees House Conferees