GA SB284

Authorizes the Georgia Commissioner of Securities to issue orders requiring violators of securities fraud provisions (Code Sections 10-5-50, 10-5-51, or 10-5-54) to return the principal dollar amount plus all moneys collected from investors, customers, or clients in connection with securities purchases

Applies to persons who have engaged in, are engaging in, or materially aided violations of Georgia's securities fraud, manipulation, and deceptive practices statutes

Maintains existing enforcement powers including cease and desist orders, civil penalties up to $50,000 per violation (or $500,000 for multiple violations), and authority to charge actual investigation costs

Orders become effective upon issuance, with subjects having 30 days to request a hearing; failure to request a hearing makes the order final by operation of law

Courts may impose civil contempt penalties between $5,000 and $50,000 per violation for non-compliance with Commissioner orders