13343240, 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: 13343240

Notice of Proposed Rule

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 Chapter 517, F.S., to specify sanctions for certain branch offices conducting securities transactions who fail to notice file with the Office as required under Section 517.1202, F.S., created under Chapter 2013-202, Laws of Florida. The sanctions for a first or subsequent occurrence provide for a fine up to $10,000, summary suspension of the branch office, and/or revocation. The rule is also amended to incorporate the disciplinary guidelines by reference in accordance with Section 120.54(1)(i), F.S.  A copy of the proposed incorporated disciplinary guidelines can be accessed at http://www.flofr.com/StaticPages/documents/69W-1000.001.pdf.

SUMMARY:

The proposed rule amendment updates the Office of Financial Regulation's (Office) disciplinary guidelines for Chapter 517, F.S., to specify sanctions for certain branch offices conducting securities transactions who fail to notice file with the Office as required under Section 517.1202, F.S., created under Chapter 2013-202, Laws of Florida. The sanctions for a first or subsequent occurrence provide for a fine up to $10,000, summary suspension of the branch office, and/or revocation. The rule is also amended to incorporate the disciplinary guidelines by reference in accordance with Section 120.54(1)(i), F.S.  A copy of the proposed incorporated disciplinary guidelines can be accessed at http://www.flofr.com/StaticPages/documents/69W-1000.001.pdf.

RULEMAKING AUTHORITY:

517.1611(1) FS.

LAW:

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

PRINT PUBLISH DATE:

8/14/2013 Vol. 39/158

COMMENTS:

From 8/14/2013 To 9/4/2013 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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