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;

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Terms Used In Indiana Code 23-19-7-9

  • commissioner: refers to the securities commissioner appointed by the secretary of state under IC 23-19-6-1(a). See Indiana Code 23-19-7-1
  • division: refers to the securities division of the office of the secretary of state. See Indiana Code 23-19-7-2
  • informant: means an individual who provides original information concerning a violation of this article to the division. See Indiana Code 23-19-7-4
  • original information: means information that:

    Indiana Code 23-19-7-6

(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. §§ 78j1;

(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.