Indiana § 23-19-7-8 Considerations in determining amount of award

Indiana Statutes

§ 23-19-7-8 — Considerations in determining amount of award

Indiana·Title 23 BUSINESS AND OTHER ASSOCIATIONS·Art. 19 INDIANA UNIFORM SECURITIES ACT·Ch. 7 Awards for Reporting Securities Violations

In determining the amount of an award to be paid under this chapter, the commissioner shall consider:

(1)the significance of the original information provided by the informant to the successful enforcement of the judicial or administrative action under this article;

(2)the degree of assistance or cooperation provided by the informant in connection with the judicial or administrative proceedings;

(3)the programmatic interest of the commissioner in deterring a violation of this article by making awards to informants who provide original information leading to the successful enforcement of this article; and

(4)any other factors the commissioner considers relevant.

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In determining the amount of an award to be
paid under this chapter, the commissioner shall consider:
(1) the significance of the original information provided by the
informant to the successful enforcement of the judicial or
administrative action under this article;
(2) the degree of assistance or cooperation provided by the
informant in connection with the judicial or administrative
proceedings;
(3) the programmatic interest of the commissioner in deterring a
violation of this article by making awards to informants who
provide original information leading to the successful
enforcement of this article; and
(4) any other factors the commissioner considers relevant.

Indiana § 23-19-7-8 (Considerations in determining amount of award) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.