S-3154

   Amend House File 648, as passed by the House, as follows:
   1.  Page 1, by striking lines 9 and 10 and inserting <sitting in equity to expunge information in a record in the investment adviser registration depository as provided in this section.>
   2.  Page 1, by striking lines 11 through 17 and inserting: 
   <2.  The commissioner of insurance, or the investment adviser that reported the information in the record in the investment adviser registration depository, may be named as a respondent or as respondents in the proceeding to expunge the information.>
   3.  Page 1, by striking lines 19 and 20 and inserting <expungement of the information in the record, and all references to such information in other records, in the investment adviser registration depository, if all of the following apply:>
   4.  Page 1, after line 22 by inserting: 
   <b.  The investment adviser, or the investment adviser representative, was a citizen of this state, when either of the following occurred:
   (1)  The information was first included in the record.
   (2)  The petition to expunge the information was filed in district court.>
   5.  Page 1, by striking line 23 and inserting: 
   <c.  The information arises out of a dispute involving the investment adviser, or investment adviser representative, or a client of the investment adviser.>
   6.  Page 1, line 24, by striking <c.> and inserting <d.>
   7.  Page 1, line 29, by striking <defamatory> and inserting <false>
   8.  Page 1, line 30, by striking <d.> and inserting <(4)>
   9.  Page 1, line 33, by striking <e.> and inserting <(5)>
   10.  By striking page 1, line 35, through page 2, line 2.
   11.  Page 2, line 3, by striking <5.> and inserting <4.>
   12.  By renumbering, redesignating, and correcting internal references as necessary.

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SCOTT WEBSTER