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Bill Summary · HB 6875

Summary — HB 6875: “An Act Concerning the Connecticut Uniform Securities Act” (Public Act 25-85)

Status: SIGNED BY THE GOVERNOR (listed actions: introduced 02/06/2025; signed 06/23/2025)
Bill Number: HB 6875 — Public Act 25-85
Committee of Reference: Joint Committee on Banking

Main purpose and intent

HB 6875 updates Connecticut law governing securities regulation by amending the Connecticut Uniform Securities Act. The stated subjects and bill classification indicate the act modernizes rules and administrative authority relating to the regulation of broker‑dealers, investment advisers and agents, fees, mergers/consolidations of registrants, and the role of the Banking Department in securities oversight.

Key topics addressed (based on bill title and subject tags)

The provided materials do not include the bill text. However, the bill’s title and subject listing indicate it likely addresses one or more of the following areas common to Uniform Securities Act revisions:
- Definitions and scope of the state Uniform Securities Act to align with contemporary federal/state standards.
- Registration and regulatory requirements for broker‑dealers, investment advisers, and their agents (including exemptions and records/notice filings).
- Fee schedules and funding/administrative provisions for the Banking Department or securities regulator.
- Processes for mergers, consolidations, or successor registrant treatment for broker‑dealers and investment advisers.
- Enforcement authority, civil penalties, and compliance provisions for securities violations.
- Administrative procedures for registration, qualification of securities, and coordination with federal securities law.

Who is affected

  • Connecticut Banking Department (or the state securities regulator) — administrative/oversight duties and fee authority.
  • Broker‑dealers, investment advisers, and investment adviser agents doing business in Connecticut — registration, compliance, and potentially fee or structural changes.
  • Issuers and securities professionals relying on state exemptions or registration processes.
  • Investors in Connecticut who are subject to protections or remedies provided by state securities law.

Procedural timeline and where to find details

Key legislative steps (as provided):
- Introduced: 02/06/2025; public hearing 02/13/2025
- Reported out of LCO and favorably recommended in March 2025; House passed 06/02/2025; Senate passed 06/03/2025
- Transmitted to Secretary of the State 06/16/2025
- Signed by the Governor (recorded) 06/23/2025
- Designated Public Act 25-85 (listed 06/10/2025 in the actions)

Because the document you provided does not contain the statutory text, consult the official enacted Public Act 25-85 and the bill file (House File No. 188 / LCO file) for precise statutory language, exact amendments, fee figures, effective dates, and any fiscal notes from the Office of Fiscal Analysis. These sources will give definitive details on the bill’s substantive changes and legal effect.

Compiled from official sources — confirm details with the bill’s official record.

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