13239062, 69W-1000.001 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 13239062

Notice of Development of Rulemaking

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

Securities

Chapter:

DISCIPLINARY GUIDELINES

Overview

RULE:

69W-1000.001

Disciplinary Guidelines

PURPOSE:

The proposed rule amendment updates the Office of Financial Regulation's (Office) disciplinary guidelines for Ch. 517, F.S., to specify sanctions for certain branch offices conducting securities transactions who fail to notice file with the Office as required under s. 517.1202, F.S., created under Chapter 2013-202, Laws of Florida.  The sanctions provide for a $10,000 fine, summary suspension of the branch office, and/or revocation.  The rule is also amended to incorporate the disciplinary guidelines by reference in accordance with s. 120.54(1)(i), F.S.

SUBJECT:

Securities Regulation - Disciplinary Guidelines

RULEMAKING AUTHORITY:

517.1611(1) FS.

LAW:

517.1611(1), 517.191(4), 517.221(3) FS.

PRINT PUBLISH DATE:

7/16/2013 Vol. 39/137

RELATED STATUTES
AND LAWS:

517.1611(1) FS., 517.1611(1), 517.191(4), 517.221(3) FS.

OVERSIGHT COMMITTEE:

Joint Administrative Procedures Committee
Florida Administrative Law Central Online Network (F.A.L.C.O.N.)

RELATED COURT CASES:

Division of Administrative Hearings

FEDERAL eRULEMAKING
WEB PORTAL:

Regulations.gov

HOW TO LINK TO
THIS NOTICE:

http://www.flrules.org/gateway/ruleno.asp?id=69W-1000.001&PDate=7/16/2013&Section=1

REFERENCE MATERIALS:

No reference(s).

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