What legislation governs the regulation of financial services?

The regulation of financial services in the state of Florida is governed by the Financial Services Act. This act is divided into several sections and regulates how financial services can be offered and how financial services businesses must conduct their activities. The act outlines the requirements for financial services providers to register and be licensed, and it also details the regulations for providing such services. Additionally, the act outlines the different types of financial services and provides for the protection of consumers. The act lists areas such as consumer protection, deposit taking activities, credit services, investments, insurance, electronic funds transfer, and other financial services. It also provides for a dispute resolution process, allowing consumers to seek redress in the case of a dispute with a financial services provider. The act also provides guidance on how to protect consumer funds held by a financial services provider. The Financial Services Act also outlines the professional conduct of financial services providers, including standards of conduct, advertising regulations, and record-keeping requirements. Finally, the act authorizes the State Financial Services Commission to issue rules and regulations to implement and enforce the act. The Commission also has the authority to impose sanctions on financial services providers who do not comply with the regulations. The Commission also helps to ensure all financial services providers adhere to the standards of practice set forth in the Act.

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What legislation governs the regulation of financial services?

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