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Secretary of State

Securities Division > News Archive  > 2004 Press Releases > For Immediate Release: February 4, 2004 Rokita Applauds Senate Passage of Securities Legislation

Contact: Cam Savage

Indianapolis, IN -- Secretary of State Todd Rokita today applauded the Indiana State Senate's passage of Senate Bill 469, authored by Senator Murray Clark, which increases the Secretary's Securities Division's ability to regulate the securities industry and go after those who try to violate securities laws. Senate Bill 469 brings under regulation certain loan brokers previously exempt from regulation, provides county prosecutors with specific authority to appoint Securities Division attorneys as special deputy prosecutors, and provides the Securities Division with necessary tools to combat securities violations.

Rokita also thanked Senator Allen Paul, a co-author of the bill and Senators Joe Zakas and Tim Lanane for their sponsorship of the legislation.

"Thanks to the Indiana State Senate we continue to send the message that Indiana is not a place where con artists will be allowed to run their scams against unsuspecting investors. This legislation not only strengthens the ability of my office to regulate securities and seek administrative actions, it also provides county prosecutors with valuable resources necessary to bring criminal cases to trial, win convictions, and put white collar criminals behind bars," Rokita said.

"I want to thank Senator Murray Clark for his leadership in offering this bill and his continued efforts to protect Hoosier investors. Now that the Senate has approved this legislation, I encourage the members of the Indiana House of Representatives to do the same," Rokita said.