Fraud victims compensation; Market Accountability Compensation Fund, established to provide restitution assistance to victims of investment fraud

This bill creates the Market Accountability Compensation Fund to help victims of investment fraud in Alabama who cannot get their money back from the person who committed the fraud. The Alabama Securities Commission will manage this fund, which will provide financial assistance to victims, especially vulnerable adults, with specific limits on how much can be awarded. The commission will also have the right to recover these funds from the perpetrators of the fraud.

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