Authorizes a public retirement system, as defined in section 501 of the retirement and social security law, mutual fund, or other institutional investor to bring actions for damages sustained due to the commission of certain prohibited and criminal acts in violation of the Martin Act (Fraudulent Practice in Respect to Stocks, Bonds and other Securities).
The insurance commissioner assuming the duties of the securities commissioner; to provide for a transfer; to provide an effective date; and to declare an emergency.
An Act Concerning Revisions To The Provisions Of The Securities And Business Investments Law Of Connecticut Governing Notice, The Denial, Suspension Or Revocation Of Registration, And The Disclosure To Purchaser-investors.