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Lobbyist Money Help  

House passes bill seeking to boost investor confidence

April 17, 2003
By: Nishi Gupta
State Capital Bureau

A bill that was inspired by the Enron scandal of last year passed the House.

Nishi Gupta has the story.

Under the bill, individuals could be fined up to one million dollars for securities fraud. It would also empower state courts to demand profits from violators and force them to pay restitution to their victims. Secretary of State Matt Blunt says the bill keeps investor confidence in mind.

Actuality: SEC2.wav
RunTime: 12
OutCue: "victims of wrongdoing."
FILL:"It's a real clear sent signal that state regulators are going to remain the cop on the beat that protects small investors whenever they've been victims of wrongdoing."

The bill has now been sent to the governor. If he approves it, Missouri would become the first state to have such legislation.

From Jefferson City, Nishi Gupta, KMOX News.