DFR presents H.648 housekeeping bill: lower securities de minimis, cyber-insurance, kiosk rules and licensing tweaks On Jan. 15, the Department of Financial Regulation presented H.648 to the Commerce & Economic Development committee, proposing numerous technical and substantive edits to securities, banking and insurance law including lowering a securities de minimis purchaser threshold, codifying penalty factors, requiring cyber-insurance for advisers, and defining virtual-currency kiosks.

Vermont's Department of Financial Regulation is shaking up the financial landscape with H.648, proposing major changes like lowering the securities de minimis threshold and requiring cyber-insurance for investment advisers.

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