AN ACT relating to financial practices.
     Amend KRS 517.050 to provide that falsifying business records is a Class misdemeanor if the business enterprise has assets valued at less than one million dollars ($1,000,000) and a Class D felony if the assets are valued at one million dollars ($1,000,000) or more; amend KRS 367.175 to prohibit the knowing and inaccurate written descriptions of the financial condition of a business or corporation; create a new section of KRS 42.400 to 42.420 to establish certain investment principles for financial organizations that provide investment banking services and money management firms retained by the Commonwealth of Kentucky; amend KRS 66.480 to require the written investment policy of a local government or political subdivision to include standards that comply with the investment principles in Section 3 of this Act; amend KRS 271B.14-300 to allow the Circuit Court to dissolve a corporation in a proceeding by the Attorney General if the corporation has been convicted of a felony or has had its authority to conduct business revoked in another jurisdiction; create a new section of KRS 434.320 to 434.340 to require a broker annually to give to each client for whom the broker has made an investment in the preceding twelve (12) months a copy of the Investor Bill of Rights; establish the Investor Bill of Rights and allow it to be provided electronically or in a hard copy.

     (Prefiled by the sponsor(s))

     Jan 7-introduced in Senate
     Jan 10-to Judiciary (S)