Mar 29 2012
s.1354 requires the SC Attorney General to post cease and desist notices involving securities brokers online. The bill was amendment to include the following requirement:
… in the same manner as a judgment of the court. A copy of a final order must be forwarded to the South Carolina Department of Revenue and the South Carolina Secretary of State’s Office.
If the Attorney General has reason to believe that a matter subject to an order issued pursuant to this section would constitute a violation of federal law, he may notify the appropriate federal agency with jurisdiction over the matter.
Several attorneys in the Senate (Martin L., Hutto, Malloy, & Rose) offered some guidance in this matter.