NV SB76

Creates the Fund for the Compensation of Victims of Securities Fraud to provide payments to victims who have been awarded court-ordered restitution but have not received full payment

Victims may apply to the Administrator of the Securities Division within 12 months of a restitution order, with compensation capped at the lesser of $25,000 or 25% of unpaid restitution

Fund will be financed through gifts, grants, donations, interest earned, and subrogation recoveries from victims who later collect their restitution after receiving Fund compensation

Requires the Administrator to submit biennial reports to the Legislature detailing total compensation awarded, number of applicants, denials, and average processing time

Allows the Administrator to disallow certain securities exemptions without issuing a formal order, streamlining the exemption review process effective January 1, 2026