(a) The Board recognizes the need for cooperative law
enforcement among agencies responsible for the prevention, detection,
and prosecution of white collar crime, for the regulation and policing
of persons who offer and sell securities, and for the regulation of
offerings of securities. Pursuant to the authority given the Board
under the Texas Securities Act, §4002.161 and §4007.056,
the Board authorizes the Securities Commissioner in his or her discretion
to supply any confidential information in the Commissioner's possession
to:
(1) any governmental or regulatory authority, including
any bankruptcy trustee, receiver, or other official appointed by a
state or federal court in a proceeding involving a governmental or
regulatory authority; or
(2) any association of governmental or regulatory authorities.
(b) Disclosure for limited purposes. Disclosure of
the confidential information referred to in subsection (a) of this
section will be made only for the purpose(s) of assisting in the detection
or prevention of violations of law or to further administrative, civil,
or criminal action.
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Source Note: The provisions of this §131.1 adopted to be effective September 18, 1977, 2 TexReg 3401; amended to be effective February 23, 1993, 18 TexReg 835; amended to be effective September 22, 1995, 20 TexReg 7189; amended to be effective June 12, 2002, 27 TexReg 4935; amended to be effective August 18, 2011, 36 TexReg 5096; amended to be effective April 7, 2024, 49 TexReg 2066 |