502.608 - UNIFORMITY AND COOPERATION WITH OTHER AGENCIES.

        502.608  UNIFORMITY AND COOPERATION WITH OTHER      AGENCIES.         1.  Objective of uniformity.  The administrator shall, in its      discretion, cooperate, coordinate, consult, and, subject to section      502.607, share records and information with the securities regulator      of another state, Canada, a Canadian province or territory, a foreign      jurisdiction, the securities and exchange commission, the United      States department of justice, the commodity futures trading      commission, the federal trade commission, the securities investor      protection corporation, a self-regulatory organization, a national or      international organization of securities regulators, a federal or      state banking and insurance regulator, and a governmental law      enforcement agency to effectuate greater uniformity in securities      matters among the federal government, self-regulatory organizations,      states, and foreign governments.         2.  Policies to consider.  In cooperating, coordinating,      consulting, and sharing records and information under this section      and in acting by rule, order, or waiver under this chapter, the      administrator shall, in its discretion, take into consideration in      carrying out the public interest, all of the following general      policies:         a.  Maximizing effectiveness of regulation for the protection      of investors.         b.  Maximizing uniformity in federal and state regulatory      standards.         c.  Minimizing burdens on the business of capital formation,      without adversely affecting essentials of investor protection.         3.  Subjects for cooperation.  The cooperation, coordination,      consultation, and sharing of records and information authorized by      this section includes all of the following:         a.  Establishing or employing one or more designees as a      central depository for registration and notice filings under this      chapter and for records required or allowed to be maintained under      this chapter.         b.  Developing and maintaining uniform forms.         c.  Conducting a joint examination or investigation.         d.  Holding a joint administrative hearing.         e.  Instituting and prosecuting a joint civil or      administrative proceeding.         f.  Sharing and exchanging personnel.         g.  Coordinating registrations under sections 502.301 and      502.401 through 502.404 and exemptions under section 502.203.         h.  Sharing and exchanging records, subject to section      502.607.         i.  Formulating rules, statements of policy, guidelines,      forms, and interpretative opinions and releases.         j.  Formulating common systems and procedures.         k.  Notifying the public of proposed rules, forms, statements      of policy, and guidelines.         l.  Attending conferences and other meetings among securities      regulators, which may include representatives of governmental and      private sector organizations involved in capital formation, deemed      necessary or appropriate to promote or achieve uniformity.         m.  Developing and maintaining a uniform exemption from      registration for small issuers, and taking other steps to reduce the      burden of raising investment capital by small businesses.  
         Section History: Early Form
         [C31, 35, § 8581-c11, -c26; C39, § 8581.11, 8581.31; C46, 50,      54, 58, 62, 66, 71, 73, 75, § 502.11, 502.31; C77, 79, 81, § 502.608]      
         Section History: Recent Form
         83 Acts, ch 169, § 17; 97 Acts, ch 114, §17; 98 Acts, ch 1106,      §21, 24; 2002 Acts, ch 1111, §5; 2004 Acts, ch 1161, §58, 68         Referred to in § 502.601, 502.605, 502.607