The bill CS/CS/HB 379 amends various sections of the Florida Statutes concerning securities regulations, focusing on definitions, exemptions from registration, and filing obligations for securities issuers. It introduces new definitions such as "Branch manager," "General partner," and "Limited liability company," which clarify roles within the industry. The bill revises the conditions under which securities transactions are exempt from registration, particularly for privately held companies and institutional investors. It also updates filing requirements under the Florida Invest Local Exemption law, specifies operational conditions for merger and acquisition brokers, and introduces new provisions for eligibility for payments from the Securities Guaranty Fund, including fingerprint processing fees for registration applications.

Additionally, the bill enhances protections against financial exploitation of specified adults by allowing dealers and investment advisers to delay transactions if exploitation is suspected, with a requirement to notify the relevant office within three business days. It modifies the private remedies available for unlawful sales, including provisions for rescission of sales and seller liabilities. The bill also adjusts the registration and renewal processes for dealers and investment advisers, including a waiver for certain fees for military families, and clarifies definitions related to control persons and business combinations. Overall, the bill aims to streamline regulatory processes while enhancing investor protection and compliance measures.

Statutes affected:
H 379 Filed: 517.0612, 517.0614, 517.0616, 517.075, 517.211, 517.315
H 379 c1: 517.0612, 517.0614, 517.0616, 517.075, 517.301, 517.211, 517.315
H 379 c2: 517.0612, 517.0614, 517.0616, 517.075, 517.301, 517.34, 517.211, 517.315
H 379 er: 517.0612, 517.0614, 517.0616, 517.075, 517.301, 517.34, 517.211, 517.315