HB 777 Summary

• Amends section 921.0022, Florida Statutes to increase criminal offense severity rankings for securities law violations.

• Increases offense severity ranking for failure to register securities with the Office of Financial Regulation under section 517.07(1) from unspecified to 3rd degree felony.

• Specifies that failure of a dealer, associated person, or issuer of securities to register with the Office of Financial Regulation under section 517.12(1) is a 3rd degree felony.

• Updates the Criminal Punishment Code offense severity ranking chart in sections (b) LEVEL 2 and (d) LEVEL 4 to reflect the securities registration violations.

• Effective date: July 1, 2012.