Fla. Strengthens Securities Fraud Enforcement Power

By Jessica Dye (June 30, 2009, 12:00 AM EDT) -- On the same day alleged mega-Ponzi mastermind Bernard L. Madoff received a life sentence for misleading investors, Florida Gov. Charlie Crist signed a bill to expand investor protections and give the state attorney general new powers to go after "another Madoff-type scheme."

On Monday, Crist signed the Investor Protection Act, sponsored in Florida's House of Representatives by Republican Rep. Tom Grady and the state Senate by Republican Sen. Garrett Richter.

The legislation will give the state Attorney General's Office authority to conduct securities fraud investigations and bring securities fraud lawsuits, with permission from the Florida Office of Financial Regulation, as well...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Related Sections

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!