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Legislation


2004 Regular Session

HOUSE BILL 1054

File Code: Corporations and Associations
Sponsored By:
Delegates Barve and Kach
Entitled:
Maryland Securities Act - Broker-Dealers and Agents - Fiduciary Duty

Synopsis:

Providing that a broker-dealer is a fiduciary and has a duty to act primarily for the benefit of its clients; prohibiting a broker-dealer from engaging in dishonest or unethical practices; providing that an agent is a fiduciary and has a duty to act primarily for the benefit of its clients; prohibiting an agent from engaging in dishonest or unethical practices; etc.

History by Legislative Date

House Action
2/13
First Reading Economic Matters
2/25
Hearing 3/10 at 1:00 p.m.
Senate Action
No Action
Sponsored by:
Delegate Kumar P. Barve, District 17
Delegate Wade Kach, District 5B
Bill indexed under the following Subjects:
AGENTS AND BROKERS
ETHICS
FIDUCIARIES
REGISTRATION -see also- MOTOR VEHICLE REGISTRATION
SECURITIES
Bill affects the following Statutes:
Corporations and Associations
( 11-305 , 11-306 , 11-412 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)
Amendments: None offered
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