SB 91 Provides for additional penalties for securities fraud crimes against the elderly or disabled
Sponsor: Green Co-Sponsor(s)
LR Number: 0396S.01I Fiscal Note: 0396-01
Committee: Financial and Governmental Organizations and Elections
Last Action: 1/22/2009 - Second Read and Referred S Financial and Governmental Organizations and Elections Committee Journal Page: S170
Title: Calendar Position:
Effective Date: August 28, 2009

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Current Bill Summary

SB 91 - This act modifies provisions of the Missouri Securities Act of 2003 as it relates to the elderly and disabled.

Definitions for "elderly" and "disabled persons" are added. This act provides that when a defendant is convicted of criminal securities fraud against an elderly or disabled person, the defendant may be fined not less than fifty thousand dollars.

This act also provides options for the commissioner of securities to impose enhanced penalties for securities fraud against the elderly or disabled.

This act is similar to a provision in CCS/SS/SCS/HCS/HB 62 (2009), HB 619 (2009), HCS/HB 26, SCS/SB 889 (2008) and SB 177 (2007).