(1)  It is unlawful for an employee of the division or a member of the commission to use for personal benefit any non-public information that is filed with or obtained by the division or commission.

Terms Used In Utah Code 61-1-18.3

  • Commission: means the Securities Commission created in Section 61-1-18. See Utah Code 61-1-13
  • Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
  • Division: means the Division of Securities established by Section 61-1-18. See Utah Code 61-1-13
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Subpoena: A command to a witness to appear and give testimony.
(2)  This chapter does not authorize the division, an employee of the division, the commission, or a member of the commission to disclose information described in Subsection (1), except among themselves or when necessary or appropriate in a proceeding or investigation under this chapter.

(3)  No provision of this chapter either creates or derogates from a privilege that exists at common law or otherwise when documentary or other evidence is sought under subpoena directed to:

(a)  the division;

(b)  the commission;

(c)  a member of the commission; or

(d)  an employee of the division.

Amended by Chapter 351, 2009 General Session

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