§ 23-2-6-34 — Administration of chapter

Indiana § 23-2-6-34

• Jurisdiction: Indiana
• Title 23: BUSINESS AND OTHER ASSOCIATIONS
• Art. 2: SECURITIES AND FRANCHISES
• Ch. 6: Indiana Commodity Code

Text

(a) The securities division of the office of the
secretary of state shall administer this chapter.
(b) The commissioner and any employees of the commissioner may
not do the following:
(1) Use for personal gain or benefit any information that:
(A) is filed with the commissioner or obtained by the
commissioner; and
(B) is not public information.
(2) Conduct securities dealings or commodity dealings based on
public or confidential information that is filed with the
commissioner or obtained by the commissioner if there has not
been a sufficient time for the securities markets or commodity
markets to assimilate the information.
(c) Except as provided in subsection (d), all information that is
collected, assembled, or maintained by the commissioner:
(1) is public information; and
(2) is available for inspection by the public.
(d) The following information is not public information and may not
be made available by the commissioner for public inspection:
(1) Information obtained in private investigations under section
28(a) or 28(d) of this chapter.
(2) Information that:
(A) is obtained from a federal agency; and
(B) may not be disclosed under federal law.
(e) The commissioner shall have the discretion to disclose any
information that is confidential under subsection (d)(1) to a person
described in section 35(a) of this chapter.
(f) This chapter does not create or derogate any privilege that exists
at common law, by statute, or otherwise, when any documentary
evidence or other evidence is sought under subpoena directed to the
commissioner or any employee of the commissioner.

Legislative History

As added by P.L.177-1991, SEC.10.