CT HB05114

Expands the Connecticut Uniform Securities Act to extend through section 36b-34 instead of 36b-33, broadening application to broker-dealers and their compliance with currency and foreign transactions reporting requirements.

Updates definition sections and registration requirements for agents, investment advisers, investment adviser agents, broker-dealers, and branch offices to align with current federal securities laws and regulations.

Establishes that broker-dealers and investment advisers must comply with sanctions imposed by the Securities and Exchange Commission or self-regulatory organizations, with restrictions on conducting securities business if currently sanctioned.

Grants the Banking Commissioner enhanced authority to deny, suspend, revoke, or impose conditions on registrations based on violations, insolvency, lack of qualification, or failure to supervise agents and investment adviser agents.

Provides the commissioner with expanded enforcement powers including authority to issue cease and desist orders, impose fines up to $100,000 per violation, require restitution and disgorgement, and pursue injunctive relief in superior court.