Saturday, September 25, 2021 4:00 a.m.
Indiana Secretary of State Holli Sullivan has been appointed co-chair of the securities committee of the National Association of Secretaries of State (NASS).
âSecurities regulation is one of the most vital roles of the Secretary of State’s office,â said Secretary Sullivan. âIndiana has led the way in establishing a model of investor protection. Our Securities Restitution Fund was the first of its kind in the country to provide restitution to victims of securities law violations. I am honored and excited to bring Hoosier’s proven ideas to the national stage. “
The Indiana Securities Restitution Fund was established in 2010 to enable the Secretary of State, Securities Division, to grant restitution to victims of securities law violations. Victims are entitled to 25% of their unpaid restitution, up to a maximum of $ 15,000.
Secretary Sullivan will co-chair the securities committee with North Carolina Secretary of State Elaine Marshall.
Founded in 1904, NASS is the oldest non-partisan professional organization of public officials in the United States. Membership is open to all 50 states and all U.S. territories. The NASS serves as a vehicle for the exchange of information between states and promotes cooperation in the development of public policies.
About the Securities Committee
The Securities Committee is responsible for reviewing the actions of North American Securities Administrators (NASAA) and other stakeholder organizations, including Congress and relevant federal agencies, that have an interest in the regulation of securities. securities by states.
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