SB 506 - The act corrects punctuation, restructures some sectional divisions and makes various structural changes to the Missouri Securities Act. The act allows the Commissioner of Securities to issue orders that include civil penalties when individuals violate Missouri securities law.
Currently, residential telephone numbers are not available for public examination for the purposes of Missouri securities law. The act provides that residential telephone numbers used as business numbers are public.
Currently, the Commissioner may censure individuals for a variety of reasons if the individual has also engaged in dishonest or unethical practices. This act allows censure for any of the enumerated reasons regardless of whether the act was dishonest or unethical.
CHRIS HOGERTY