Schmidt lifts moratorium on securities fees; plans reduction


State Insurance Commissioner Vicki Schmidt will start collecting securities fees again next month, although at half the amounts previous levied.

Schmidt is lifting the moratorium that had been in place for fiscal years 2022 and 2023 following a 2019 lawsuit challenging a law that led to the state collecting millions in fees for regulating the securities industry to subsidize general state operations.

“For two years the department has not collected securities fees in an effort to right-size operations and better align fees with . . .


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