Raised Bill No. 124 - Connecticut Uniform Securities Act

• Creates registration exemption for merger and acquisition broker-dealers facilitating transfers of eligible privately held companies, provided they meet specific conditions including not handling funds, not engaging in public offerings, and obtaining written consent when representing both parties.

• Disqualifies merger and acquisition broker-dealers from exemption if they receive custody of transaction funds, engage in shell company transactions (except business combination related shells), provide financing, or fail to comply with applicable laws.

• Establishes requirements for "Tier 2" offerings under Regulation A, requiring issuers to file notice with commissioner at least 21 days before initial sale, pay $250 filing fee, and renew annually with $250 renewal fee.

• Authorizes Banking Commissioner to censure or impose bars upon registrants, officers, directors, and control persons, in addition to existing authority to deny, suspend, or revoke registrations.

• Effective upon passage for all three sections amending sections 36b-6, 36b-21(d), and 36b-15(a) of Connecticut general statutes.