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H.B. 349 Enrolled
LONG TITLE
General Description:
This bill modifies a criminal provision in the State Money Management Act.
Highlighted Provisions:
This bill:
. amends the State Money Management Act to provide that a certified investment
adviser's violation of rules and orders under the act must be intentional in order for a
criminal penalty to apply.
Monies Appropriated in this Bill:
None
Other Special Clauses:
None
Utah Code Sections Affected:
AMENDS:
51-7-22.4, as enacted by Chapter 248, Laws of Utah 2004
Be it enacted by the Legislature of the state of Utah:
Section 1. Section 51-7-22.4 is amended to read:
51-7-22.4. Penalties for violation by certified investment advisers.
(1) Each certified investment adviser who intentionally violates Section 51-7-7 ,
51-7-11 , or 51-7-11.5 , or who [
chapter is guilty of a third degree felony.
(2) In addition to any other penalty for a criminal violation of this chapter, the
sentencing judge may impose any penalty or remedy provided for in Subsection 51-7-22.5 (1)(b).
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