1. (a) Pursuant to the authority given to the State Securities Board under the Texas Securities Act, §28, the Board, recognizing the need for cooperative law enforcement among agencies responsible for prevention, detection, and prosecution of white collar crime, for the regulation and policing of persons who offer and sell securities, and for the regulation of offerings of securities, and recognizing the policies underlying §28, authorizes the Securities Commissioner in his or her discretion to supply any confidential information in the Commissioner's possession to any governmental or regulatory authority or association of governmental or regulatory authorities, or any receiver appointed under the Act, §25-1.
2. (b) Disclosure for limited purposes. Disclosure of the confidential information referred to in subsection (a) of this section will be made only for the purpose(s) of assisting in the detection or prevention of violations of law or to further administrative, civil, or criminal action.

Source Note:The provisions of this §131.1 adopted to be effective September 18, 1977, 2 TexReg 3401; amended to be effective February 23, 1993, 18 TexReg 835; amended to be effective September 22, 1995, 20 TexReg 7189; amended to be effective June 12, 2002, 27 TexReg 4935.