Michigan Office of Administrative Hearings and Rules  
MOAHR-Rules@michigan.gov  
AGENCY REPORT TO THE  
JOINT COMMITEE ON ADMNINISTRATIVE RULES (JCAR)  
1. Agency Information  
Agency name:  
Attorney General  
Division/Bureau/Office:  
Financial Crimes Division  
Name of person completing this form:  
Bethany McCune  
Phone number of person completing this form:  
517-241-1071  
E-mail of person completing this form:  
McCuneB@michigan.gov  
Name of Department Regulatory Affairs Officer reviewing this form:  
Bethany McCune  
2. Rule Set Information  
MOAHR assigned rule set number:  
2024-33 AG  
Title of proposed rule set:  
Uniform Securities Act (2002)  
3. Purpose for the proposed rules and background:  
The purpose of these rules is to proscribe methods for notifying the county prosecutor of suspected or  
detected covered financial exploitation observed by a broker-dealer or investment adviser, as  
provided in section 535(5) and subsection 535(6) of the 2023 amendments to the uniform securities  
act (2002), 2023 PA 306. MCL 451.2535(5) & (6).  
4. Summary of proposed rules:  
The rules are designed to provide a standardized method for law enforcement, adult protective  
services, broker-dealers, and investment advisers to provide notice of reports of suspected or detected  
covered financial exploitation made by broker-dealers and investment advisers to the county  
prosecutor. The rules provide forms with a description of required content that shall be included in  
notifications to the county prosecutor and provide guidelines for broker-dealers and investment  
advisers to determine in which county to contact the county prosecutor and how to obtain contact  
information for each prosecutor’s office. They also seek to avoid confusion when multiple law  
enforcement agencies receive copies of a single notification from a broker-dealer or investment  
adviser by requiring each law enforcement agency that receives a copy to make a report to the county  
prosecutor’s office. The rules are designed to create the least burdensome alternative for those  
required to comply, as the required notification forms are each only a single page which permits  
reports already required to be generated in the ordinary course of business by the agencies making the  
notifications as attachments.  
MCL 24.242 and 24.245  
Agency Report to JCAR-Page 2  
5. List names of newspapers in which the notice of public hearing was published and  
publication dates:  
The Alpena News, published August 5, 2024; The Daily Mining Gazette, published August 5, 2024;  
Daily News Greenville, published August 5, 2024; and Times Herald, published August 5, 2024.  
6. Date of publication of rules and notice of public hearing in Michigan Register:  
8/15/2024  
7. Date, time, and location of public hearing:  
8/22/2024 09:00 AM at 1st Floor Auditorium , G. Mennen Williams Building, 525 W. Ottawa,  
Lansing, MI 48933  
8. Provide the link the agency used to post the regulatory impact statement and cost-benefit  
analysis on its website:  
https://ARS.apps.lara.state.mi.us/Transaction/RFRTransaction?TransactionID=1540  
9. List of the name and title of agency representative(s) who attended the public hearing:  
AAG Kristen Stinedurf, Financial Crimes Division, Department of Attorney General  
10. Persons submitting comments of support:  
No persons submitted comments of support.  
11. Persons submitting comments of opposition:  
No persons submitted comments of opposition.  
12. Persons submitting other comments:  
No persons submitted comments.  
13. Identify any changes made to the proposed rules based on comments received during the  
public comment period:  
Name &  
Organization public hearing  
Comments made at Written  
Comments  
Agency Rationale Rule number  
for Rule Change & citation  
and Description changed  
of Change(s)  
Made  
1
14.Date report completed:  
8/26/2024  
MCL 24.242 and 24.245  
;