Building Capital Ecosystems in Florida w/ Commissioner Russell C Weigel III

The Office of Financial Regulation (OFR) is the primary regulator of the state-chartered and licensed financial services industries in Florida. We have proposed legislation, HB 779 and SB 1880 – Offers and Sales of Securities, to reform the Florida Securities and Investor Protection Act (Chapter 517, Florida Statutes) with the aim of stimulating the growth of a capital market for the financing of Florida businesses. Our goal is to promote Florida’s economy through the creation of a self-sustaining, in-state capital market where newly formed businesses can obtain seed or expansion capital.

Commissioner Russell C. Weigel, III

Commissioner Weigel is an AV-rated securities attorney, with more than 30 years of legal experience, and a published author. In 2005, he founded a securities transactional and litigation law firm, which he ran until he became the Commissioner in March 2020. Prior to that, he served as a securities transactional and litigation attorney in the private sector. He was also an enforcement attorney with the Securities and Exchange Commission and an assistant state attorney for the Office of the State Attorney, Tenth Judicial Circuit. He holds an undergraduate degree in Economics from Vanderbilt University and a Juris Doctor from the University of Miami School of Law.

Webpage for more information on this proposed legislation, including how to reach out to legislative members – https://flofr.gov/sitePages/Securities-Legislative-Initiative.htm

Contact information for Representative Nick DiCeglie – https://www.myfloridahouse.gov/Sections/Representatives/contactmember.aspx?MemberId=4735&SessionId=93

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