Under the recommendation of Secretary Hosemann, the Mississippi Legislature and Governor Haley Barbour adopted the Uniform Securities Act during the 2009 Legislative Session. The Mississippi Securities Act offers many benefits to investors and makes Mississippi law state-of-the-art. The new legislation empowers the Office of the Secretary of State, through the Securities and Charities Division, to investigate, prosecute, and sanction individuals and securities firms that violate securities laws, as well as significantly increases the agency’s enforcement powers by authorizing the Office of the Secretary of State to order restitution and disgorgement of profits. The Mississippi Securities Act also provides for additional penalties for violations of the laws against Mississippi’s most vulnerable citizens and provides for more cooperation with the Office of the Attorney General to bring criminal actions against violators. By providing for more oversight in the State’s investment industry, Secretary Hosemann hopes to provide Mississippians with more confidence in their financial planning. The Mississippi Securities Act is effective January 1, 2010.