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2020 Kentucky Revised Statutes
Chapter 292 - Securities (blue sky law)
292.460 Investigations and subpoenas.

Universal Citation: KY Rev Stat § 292.460 (2020)
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292.460 Investigations and subpoenas. (1) (2) (3) (4) The commissioner in his or her discretion: (a) May make such public or private investigations within or outside of this state as he deems necessary to determine whether any registration should be granted, denied, or revoked, or whether any person has violated or is about to violate any provision of this chapter or any rule or order under this chapter, or to aid in the enforcement of this chapter or in the prescribing of rules and forms hereunder; (b) May require or permit any person to file a statement in writing, under oath or otherwise as the commissioner may determine, as to all the facts and circumstances concerning the matter to be investigated; or (c) May publish information concerning any violation of this chapter or any rule or order hereunder. For the purpose of any investigation or proceeding under this chapter, the commissioner or any officer designated by him may administer oaths and affirmations, subpoena witnesses, compel their attendance, take evidence, and require production of any books, papers, correspondence, memoranda, agreements, or other documents or records which the commissioner deems relevant or material to the inquiry. In case of contumacy by, or refusal to obey a subpoena issued to, any person, any court of competent jurisdiction, upon application by the commissioner, may issue to that person an order requiring him to appear before the commissioner, or the officer designated by him, there to produce documentary evidence if so ordered or to give evidence touching the matter under investigation or in question; and any failure to obey the order of the court may be punished by the court as a contempt of court. No person is excused from attending and testifying or from producing any document or record before the commissioner, or in obedience to the subpoena of the commissioner or any officer designated by him, or in any proceeding instituted by the commissioner, on the ground that the testimony or evidence (documentary or otherwise) required of the person may tend to incriminate the person or subject the person to a penalty or forfeiture; but no individual may be prosecuted or subjected to any penalty or forfeiture for or on account of any transaction, matter, or thing concerning which he is compelled, after claiming the privilege against selfincrimination, to testify or produce evidence (documentary or otherwise), except that the individual so testifying shall not be exempt from prosecution and punishment for perjury committed in so testifying. Effective: July 15, 2010 History: Amended 2010 Ky. Acts ch. 24, sec. 875, effective July 15, 2010. -- Amended 1998 Ky. Acts ch. 20, sec. 18, effective July 15, 1998. -- Amended 1994 Ky. Acts ch. 165, sec. 18, effective July 15, 1994. -- Created 1960 Ky. Acts ch. 110, sec. 15, effective January 1, 1961.
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