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IA SSB3056
SB
AI Summary
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Amends Iowa Code Section 502.511, subsection 2, to require the Commissioner of Insurance to be named as a respondent in proceedings to expunge information from the investment adviser registration depository
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Changes the commissioner's participation from permissive ("may") to mandatory ("shall") in expungement proceedings
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Maintains that investment advisers who originally reported the information may optionally be named as respondents in such proceedings
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Proposed by the Iowa Department of Insurance and Financial Services for the 91st General Assembly
Legislative Description
A bill for an act relating to respondents in a proceeding to expunge information in a record in the investment adviser registration depository.(See SF 2147.)
Last Action
Committee report approving bill, renumbered as SF 2147.
1/28/2026