SECURITIES RECORDS 3+ YEARS Senate SponsorsSen. Ram Villivalam House Sponsors(Rep. Emanuel Chris Welch) 1/13/2021SenateSession Sine Die 815 ILCS 5/8from Ch. 121 1/2, par. 137.8Amends the Illinois Securities Law of 1953. Provides that every registered dealer, limited Canadian dealer, Internet portal, and investment adviser shall provide to the Secretary of State, upon request, such accounts, correspondence, memoranda, papers, books, and records as the Secretary of State may by rule prescribe, that it possesses and that it preserves for periods of longer than 3 years.Senate Committee Amendment No. 1 Adds reference to:815 ILCS 5/2.11from Ch. 121 1/2, par. 137.2-11815 ILCS 5/2.12bfrom Ch. 121 1/2, par. 137.2-12b815 ILCS 5/3.5 new815 ILCS 5/12from Ch. 121 1/2, par. 137.12815 ILCS 5/2.10a rep.Adds provisions amending the Illinois Securities Law of 1953. Removes the definition for "telephone solicitor". Makes changes to the definitions of "investment adviser" and "investment adviser representative". Provides that the Secretary of State has the authority to enforce the Act as it pertains to the offer, sale, or investment advice concerning covered securities under the Act. Provides that it is a violation of the Act to make a false or misleading statement during sworn testimony before the Secretary of State or the Illinois Securities Department within the Office of the Secretary. Effective July 1, 2019. 2/15/2019SenateFiled with Secretary by Sen. Ram Villivalam 2/15/2019SenateFirst Reading 2/15/2019SenateReferred to Assignments 2/27/2019SenateAssigned to Judiciary 3/4/2019SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Ram Villivalam 3/4/2019SenateSenate Committee Amendment No. 1 Referred to Assignments 3/6/2019SenateSenate Committee Amendment No. 1 Assignments Refers to Judiciary 3/19/2019SenateSenate Committee Amendment No. 1 Adopted 3/20/2019SenateDo Pass as Amended Judiciary; 008-000-000 3/20/2019SenatePlaced on Calendar Order of 2nd Reading March 21, 2019 4/4/2019SenateSecond Reading 4/4/2019SenatePlaced on Calendar Order of 3rd Reading April 9, 2019 4/10/2019SenateThird Reading - Passed; 056-000-000 4/11/2019HouseArrived in House 4/11/2019HouseChief House Sponsor Rep. Emanuel Chris Welch 4/11/2019HouseFirst Reading 4/11/2019HouseReferred to Rules Committee 1/13/2021SenateSession Sine Die