SB 6172-S.E - DIGEST

(AS OF SENATE 2ND READING 2/10/94)

     Requires broker-dealers or investment advisers to provide copies of any contractual documents within seven days of initiation.

     Regulates fees to be charged a customer.

     Provides for resolution of disputes by civil action.

     Provides that the broker-dealers owe a fiduciary duty to the customer.

     Declares a policy that an agreement to restrict venue in a judicial or arbitration proceeding to a place other than this state shall be of no force and effect.