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1 New Section; Bureau of Securities Regulation; Jurisdiction Over Securities Associations. Amend RSA 421-B by inserting after section 3-301 the following new section:
421-B:3-301-a Bureau of Securities Regulation; Jurisdiction Over Securities Associations. The department of state, bureau of securities regulation shall have full and exclusive authority over any regulatory association of brokers and dealers operating in this state, whether registered as a national securities association or an affiliated securities association. Such authority shall include the ability to issue fines, levies, or a suspension of activities.
2 Effective Date. This act shall take effect 60 days after its passage.
Text to be added highlighted in green.
1 New Section; Bureau of Securities Regulation; Jurisdiction Over Securities Associations. Amend RSA 421-B by inserting after section 3-301 the following new section:
421-B:3-301-a Bureau of Securities Regulation; Jurisdiction Over Securities Associations. The department of state, bureau of securities regulation shall have full and exclusive authority over any regulatory association of brokers and dealers operating in this state, whether registered as a national securities association or an affiliated securities association. Such authority shall include the ability to issue fines, levies, or a suspension of activities.
2 Effective Date. This act shall take effect 60 days after its passage.