2021 New York Laws
FIS - Financial Services Law
Article 4 - Financial Frauds Prevention
404 - Powers of the Financial Frauds and Consumer Protection Unit.

§  404.  Powers  of the financial frauds and consumer protection unit.
(a) The superintendent has authority under  this  article,  the  banking
law,  the  insurance  law  and  other  applicable  laws  to  investigate
activities that  may  constitute  violations  subject  to  section  four
hundred  eight  of  this  article  or violations of the insurance law or
banking law and to develop evidence thereon.
  (b) If the  financial  frauds  and  consumer  protection  unit  has  a
reasonable  suspicion  that  a  person  or  entity  has  engaged,  or is
engaging, in fraud or misconduct with respect to the  banking  law,  the
insurance  law, the provisions of this chapter or other laws pursuant to
which the superintendent has investigatory or enforcement  powers,  then
the   superintendent,  in  the  enforcement  of  relevant  statutes  and
regulations, may undertake an investigation thereon, provided,  however,
that  the  scope  of  authority  set  forth in this section shall not be
deemed to otherwise limit or impair the ability of the superintendent to
assist any other entity in an investigation  involving  a  violation  of
law,   and  provided  further  that  the  responsibility  and  power  to
investigate  any  specific  frauds  or  misconduct  enumerated  in  this
chapter,  the  banking law, the insurance law and other laws pursuant to
which the superintendent has investigatory or enforcement  powers  shall
be  included under the jurisdiction of the financial frauds and consumer
protection unit.
  (c) Nothing in this chapter shall be construed to grant  or  authorize
the financial frauds and consumer protection unit the specific powers or
responsibilities  of  the consumer protection division of the department
of state.