§ 502.607 — Public records — confidentiality

Iowa § 502.607

• Jurisdiction: Iowa
• Title XII: BUSINESS ENTITIES
• Ch. 502: UNIFORM SECURITIES ACT (BLUE SKY LAW)

Text

1. Presumption of public records. Except as otherwise provided in subsection 2, records
obtained by the administrator or filed under this chapter, including a record contained in or
filed with a registration statement, application, notice filing, or report, are public records and
are available for public examination.
2. Nonpublic records. Notwithstanding chapter 22, the following records are not public
records and are not available for public examination under subsection 1:
a. A record obtained by the administrator in connection with an audit or inspection under
section 502.411, subsection 4, or an investigation under section 502.602.
b. A part of a record filed in connection with a registration statement under sections
502.301 and 502.303 through 502.305 or a record under section 502.411, subsection 4,
that contains trade secrets or confidential information if the person filing the registration
statement or report has asserted a claim of confidentiality or privilege that is authorized by
law.
c. A record that is not required to be provided to the administrator or filed under this
chapter and is provided to the administrator only on the condition that the record will not be
subject to public examination or disclosure.
d. A nonpublic record received from a person specified in section 502.608, subsection 1.
e. Any social security number, residential address unless used as a business address, and
residential telephone number unless used as a business telephone number, contained in a
record that is filed.
f. A record obtained by the administrator through a designee that the administrator
determines by rule or order has been appropriately expunged from its own records by that
designee, if the administrator finds that such expungement is in the public interest and does
not impair investor protection.
g. A record obtained by the administrator or by law enforcement under section 502.809.
3. Administrator discretion to disclose. If disclosure is for the purpose of a civil,
administrative, or criminal investigation, action, or proceeding or to a person specified in
section 502.608, subsection 1, the administrator may disclose a record obtained in connection
with an audit or inspection under section 502.411, subsection 4, or a record obtained in
connection with an investigation under section 502.602 or section 502.809.

Legislative History

[C35, §8581-f6; C39, §8581.22; C46, 50, 54, 58, 62, §502.22; C66, 71, 73, 75, §502.2, 502.22; C77, 79, 81, §502.607]