SCR 26 – Encourages the Security and Exchange Commission to create and enforce rules and regulations to eliminate fraud

• Sponsor: Loudon
• LR Number: 2803S.01I
• Committee: Rules, Joint Rules, Resolutions & Ethics
• Last Action: 4/19/2007 - Referred S Rules, Joint Rules, Resolutions & Ethics Committee
• Effective Date: upon approval

Current Bill Summary

SCR 26 - This resolution encourages the Security and Exchange Commission, the Missouri Secretary of State, and all state and federal agencies regulating securities to create and enforce rules and regulations that are designed to eliminate fraud and other abusive practices by requiring greater transparency, promoting greater investor confidence, protecting private and public investors from failed trades where a short seller of securities receives the buyer's money, but does not deliver the promised security to the buyer.

CHRIS HOGERTY