SECURITIES LAW-VIOLATION-FINE House SponsorsRep. Bill Mitchell 1/11/2011HouseSession Sine Die 815 ILCS 5/11from Ch. 121 1/2, par. 137.11 Amends the Illinois Securities Law of 1953. Provides that the Secretary of State may impose a fine not to exceed $100,000 (instead of not to exceed $10,000) for a violation of the Law. Provides that in addition to any other sanction or remedy provided for, the Secretary of State, after finding that any provision of the Law has been violated, shall notify all of the clients of any sanctioned party, by registered mail, that a violation has taken place. Provides that the costs of this notification shall be covered by fines imposed on the sanctioned party. Provides for immunity from liability for the Secretary of State. Effective immediately. 2/9/2010HouseFiled with the Clerk by Rep. Bill Mitchell 2/9/2010HouseFirst Reading 2/9/2010HouseReferred to Rules Committee 2/16/2010HouseAssigned to Judiciary I - Civil Law Committee 3/15/2010HouseRule 19(a) / Re-referred to Rules Committee 1/11/2011HouseSession Sine Die