House Bill 474

Actions
Last Action 02/06/24: to Committee on Committees (H)
Title AN ACT relating to consumer protection in financial transactions.
Bill Documents Introduced
Bill Request Number 1670
Sponsor S. Sharp
Summary of Original Version Create a new section of KRS Chapter 292 to define terms; require broker-dealers, agents, investment advisers, and investment adviser representatives to disclose, and obtain the written consent of the customer and client for, the incorporation of a socially responsible criteria or other nonfinancial objective into discretionary investment decisions to buy or sell a security or commodity, recommendations or solicitations for the purchase or sale of a security or commodity, and the selection or recommendation, or advice regarding the selection, of a third-party manager or subadviser; establish requirements for the disclosures and written consent.
Index Headings of Original Version Securities - Socially responsible or other nonfinancial objective, disclosure
Banks and Financial Institutions - Securities and commodities, socially responsible criteria or nonfinancial objective, disclosure
Commerce - Securities and commodities, socially responsible criteria or nonfinancial objective, disclosure
Public Protection - Securities and commodities, socially responsible criteria or nonfinancial objective, disclosure

Actions

Top
02/06/24
  • introduced in House
  • to Committee on Committees (H)


Last updated: 4/18/2024 12:47 PM (EDT)