Utah Code

Utah Code § 61-1-18.7 (2026)

Funding of securities investor education, training, and enforcement

✓ current as of May 2026

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There is created an expendable special revenue fund known as the "Securities Investor Education, Training, and Enforcement Fund" to provide revenue for the purposes stated in this section.

As used in this section, "fund" means the Securities Investor Education, Training, and Enforcement Fund.

The state shall deposit money received by the state by reason of civil penalties ordered and administrative fines collected in accordance with this chapter into the fund, and is subject to the requirements of Title 51, Chapter 5, Funds Consolidation Act.

The division shall deposit a fine collected by the division after July 1, 1989, in accordance with a voluntary settlement or administrative order into the fund.

The fund shall earn interest.

The division shall deposit interest earned on fund money into the fund.

Notwithstanding Title 63J, Chapter 1, Budgetary Procedures Act, the director may use money in the fund, upon concurrence of the commission and the executive director of the Department of Commerce, in a manner consistent with the duties of the division and commission under this chapter and only for any or all of the following and the expense of providing the following:

education and training of Utah residents in matters concerning securities laws and investment decisions, by publications or presentations;

education of registrants and licensees under this chapter, by:

publication of this chapter and rules and policy statements and opinion letters issued under this chapter; and

sponsorship of seminars or meetings to educate registrants and licensees as to the requirements of this chapter;

investigation and litigation; and

to pay an award to a reporter as provided in Part 1, Securities Fraud Reporting Program Act.

If the balance in the fund exceeds $1,000,000 at the close of any fiscal year, the division shall transfer the excess to the General Fund.

Notes of Decisions

Cited in 2 cases, 2010–2017 · leading case: State v. Bushman, 2010 UT App 120 (Utah Ct. App. 2010).

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State v. Bushman, 2010 UT App 120 (Utah Ct. App. 2010). · cites it 4× “See Utah Code Ann. § 61-1-18.7 (Supp. 2009); cf.”

Phillips v. Dep't of Com., Div. of Sec., 2017 UT App 84 (Utah Ct. App. 2017). · cites it 5× “Utah Code Ann. § 61-1-18.7 (2) (LexisNexis 2011).”

— Utah Code § 61-1-18.7(5) — 1 case

Phillips v. Dep't of Com., Div. of Sec., 2017 UT App 84 (Utah Ct. App. 2017). “Utah Code Ann. § 61-1-18.7 (2) (LexisNexis 2011).”

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