Massachusetts § 69 - Securities Fraud Prosecution Fund
Full text of Massachusetts Massachusetts General Laws § 69 — Securities Fraud Prosecution Fund, with citation guidance and answers to common questions.
§ 69. Securities Fraud Prosecution Fund
Section 69. There shall be established and set up on the books of the commonwealth a separate fund to be known as Securities Fraud Prosecution Fund. There shall be credited to the fund all criminal penalties, fines and settlements not intended to compensate victims of securities fraud due the commonwealth collected under chapter 110A and any income derived from investment of amounts credited to the fund. Amounts credited to the fund shall be received and held in trust for investigations and enforcement of chapter 110A. Revenues and expenditures of the fund shall be reported on the Massachusetts management and accounting and reporting system and maintained by the state treasurer. The Fund shall not exceed a maximum of $500,000. Amounts collected in excess of the maximum shall be deposited in the General Fund.
Expenditures from the Securities Fraud Prosecution Fund shall be made without further appropriation but shall be approved in writing by the secretary of the commonwealth for the sole purposes of investigating or enforcing chapter 110A and the dissemination of information about the requirements of said chapter.
Frequently Asked Questions About Massachusetts § 69
What does Massachusetts General Laws § 69 cover?
Section 69 ("Securities Fraud Prosecution Fund") is part of the Massachusetts General Laws, the codified statutory law of Massachusetts. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Massachusetts § 69?
A common citation format is "Massachusetts General Laws § 69" (Massachusetts). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Massachusetts law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Massachusetts official source linked on this page or consult a licensed Massachusetts attorney.
How does Massachusetts § 69 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Massachusetts can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Massachusetts.