No commission member shall:
- (a) Use confidential information regarding the investments of the plan in a manner not exclusively in the interest of the plan, its participants and beneficiaries;
- (b) Buy or sell a security or other investment if the commission member knows that the plan is, or anticipates, buying, selling, or trading such security or other investment;
- (c) Accept offers to buy, sell or trade in any security or other investment that the plan holds or intends to purchase on terms more favorable than those offered to similarly situated investors unrelated to the plan; and
(d) Accept an extension of credit from an outside service provider, except and unless:
- (1) Such outside service provider extends credit to the general public in the ordinary course of its business; and
- (2) The terms of the extension of credit are no better than the terms normally offered to similarly situated borrowers unrelated to the plan.
Source. #11097, eff 5-17-16; ss by #13302, eff 12-10-21