IN SB0393

Establishes the securities restitution fund to provide financial assistance to Indiana residents and others who suffer monetary losses from securities fraud, funded by 10% of securities division enforcement account deposits plus a $2,000,000 initial transfer effective July 1, 2010

Limits restitution awards to the lesser of $15,000 or 25% of the victim's out-of-pocket loss, with eligibility restricted to victims whose net worth was $500,000 or less at the time of injury

Requires victims to have obtained a final court order, arbitration award, or administrative order awarding restitution before applying, with applications due within 180 days of the order (extendable up to 2 years for good cause)

Creates state subrogation rights allowing Indiana to recover restitution payments from the person who committed the securities violation or others liable for the loss

Makes it a Class C felony to knowingly submit false or misleading statements in documents or proceedings related to restitution assistance claims