2018 Indiana Code
TITLE 23. Business and other Associations
ARTICLE 19. INDIANA UNIFORM SECURITIES ACT
CHAPTER 7. Awards for Reporting Securities Violations
23-19-7-9. Circumstances when award prohibited
Sec. 9. 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.
As added by P.L.85-2012, SEC.6.
