Idaho State Statutes - Idaho Attorney Directory

(a) Administration. The administration of the
provisions of this chapter shall be under the general supervision and control
of the administrator.
(b) Unlawful use of records or information. It is unlawful for the
administrator or an officer, employee, or designee of the administrator to use
for personal benefit or the benefit of others records or other information
obtained by or filed with the administrator that are not public under section
30-14-607(b), Idaho Code. This chapter does not authorize the administrator or
an officer, employee, or designee of the administrator to disclose the record
or information, except in accordance with section 30-14-602, 30-14-607(c) or
30-14-608, Idaho Code.
(c) No privilege or exemption created or diminished. This chapter does
not create or diminish a privilege or exemption that exists at common law, by
statute or rule, or otherwise.
(d) Investor education. The administrator may develop and implement
investor education initiatives to inform the public about investing in
securities, with particular emphasis on the prevention and detection of
securities fraud. In developing and implementing these initiatives, the
administrator may collaborate with public and nonprofit organizations with an
interest in investor education. The administrator may accept a grant or
donation from a person that is not affiliated with the securities industry or
from a nonprofit organization, regardless of whether the organization is
affiliated with the securities industry, to develop and implement investor
education initiatives. This subsection does not authorize the administrator to
require participation or monetary contributions of a registrant in an investor
education program.
(e) The securities investor education and training fund. The securities
investor education and training fund is hereby created to provide funds for
the purposes specified in subsection (d) of this section. All moneys received
by the state by reason of civil penalties and administrative fines collected
pursuant to this chapter shall be deposited in the securities investor
education and training fund up to but not exceeding fifty thousand dollars
($50,000) per year. The administrator may use funds in this account in a
manner consistent with the duties of the department of finance under this
chapter.

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