§ 23-19-7-9 — Circumstances when award prohibited

Indiana § 23-19-7-9

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

Text

The commissioner may not provide an award
to an informant under this chapter if the informant:
(1) is convicted of a crime in connection with the judicial or
administrative proceeding for which the informant provided the
original information;
(2) acquired the original information in performing an
examination of financial statements required under securities laws
or regulations, if the informant's subsequent disclosure of the
information acquired constitutes a violation of 15 U.S.C. 78j-1;
(3) fails to provide the original information to the division in the
manner prescribed by section 7(a)(1) of this chapter and in
accordance with any other requirements prescribed by the
commissioner;
(4) knowingly or recklessly makes a false, fictitious, or fraudulent
statement or a misrepresentation as part of, or in connection with:
(A) the original information provided; or
(B) the judicial or administrative proceeding for which the
original information was provided;
(5) uses, relies on, or provides a false writing or document
knowing that, or with reckless disregard as to whether, the writing
or document contains false, fictitious, or fraudulent information;
(6) knows that, or has a reckless disregard as to whether, the
original information provided is false, fictitious, or fraudulent; or
(7) has a legal duty to provide the original information to the
division.

Legislative History

As added by P.L.85-2012, SEC.6.