WA People
BILL · 1993–94 SESSION · LATEST VERSION SSB 5195

SB 5195: Excessive secrties trnsactns

Regulating excessive securities transactions.

Summary

  • A securities client whose account has been churned may recover damages, costs, reasonable attorneys' fees, and all commissions paid for the transactions. Damages may include restitutionary and benefit-of-the-bargain (e.g. opportunity cost) recoveries.

From the Substitute Senate Bill Report (SSB 5195), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 470, Laws of 1993
  1. IntroducedJan 15, 1993
  2. Out of committee
  3. Passed SenateMar 9, 1993
  4. Passed HouseApr 8, 1993
  5. Governor
  6. LawMay 17, 1993
Prime sponsor
Ray Moore (D-36)
Introduced
January 15, 1993 in the Senate
Last action
May 17, 1993
Session law
Chapter 470, Laws of 1993
Versions
SB 5195, SSB 5195

Sponsors

Prime sponsor: Ray Moore (D-36)

Votes

Senate · Final Passage

March 9, 1993
Version voted on: SSB 5195
39 Yea 9 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat26101
Republican13800
How each member voted

Excused (1)

Permalink to this vote

House · Final Passage

April 8, 1993
Version voted on: SSB 5195
97 Yea 0 Nay 1 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat62010
Republican35000
How each member voted

Yea (97)

Absent (1)

Permalink to this vote

Senate · Final Passage

April 22, 1993
Version voted on: SSB 5195
38 Yea 9 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat26002
Republican12900
How each member voted

Excused (2)

Permalink to this vote

History

The Legislature's online data doesn't include step-by-step history for sessions before 2001. Its final status is shown above, and the official bill page may have more.

SB 5195 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

Report wrong or missing information on this page