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<xml>
<title>Illinois General Assembly - Bill Status for HB 3232   </title>
<shortdesc>SECURITIES - INSURANCE</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Constance A. Howard-Esther Golar</sponsors>
</sponsor>
<lastaction>
<statusdate>1/8/2013</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>815 ILCS 5/8</reference><aliasreference>from Ch. 121 1/2, par. 137.8</aliasreference><SynopsisText>     Amends the Illinois Securities Law of 1953. Provides that upon registration of an investment adviser representative, the applicant shall file evidence setting forth that such investment adviser representative has in effect fidelity insurance and insurance or other equivalent protection for each client's cash or securities held by the investment adviser representative, and an undertaking that the investment adviser representative will continually maintain such fidelity insurance and insurance or other protection during the period of registration or re-registration. Provides that such fidelity insurance and insurance or other protection shall be in a form and amount reasonably prescribed by the Secretary of State by rule or regulation.</SynopsisText></synopsis>
<actions>
<statusdate>2/24/2011</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Constance A. Howard</action>
<statusdate>2/24/2011</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Esther Golar</action>
<statusdate>2/24/2011</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/24/2011</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/28/2011</statusdate><chamber>House</chamber><action>Assigned to Consumer Protection Committee</action>
<statusdate>3/17/2011</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/8/2013</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

