§ 11-53-205 — Administration of article

Colorado § 11-53-205

• Jurisdiction: Colorado
• Title 11: Financial
• Art.: Colorado Commodity Code

Text

(1) This article shall be administered
by the commissioner as the head of the division of securities within the department
of regulatory agencies.

(2) Neither the commissioner nor any employees of the commissioner shall
use any information which is filed with or obtained by the commissioner or the
designee of the commissioner which is not public information for personal gain or
benefit, nor shall the commissioner or employees of the commissioner conduct any
securities or commodity dealings whatsoever based upon any such information,
even though public, if there has not been a sufficient period of time for the
securities or commodity markets to assimilate such information.

(3) Any information obtained by the commissioner or any designee of the
commissioner under this article shall be nonpublic and confidential unless made
public by the commissioner or the designee of the commissioner in connection with
an investigation or proceeding under this article or under section 11-53-206. No
provision of this article either creates or derogates from any privilege which exists
at common law or otherwise when documentary or other evidence is sought under a
subpoena directed to the commissioner or any designee of the commissioner.

Legislative History

Source: L. 89: Entire article R&RE, p. 639, � 1, effective July 1.