MARVIN MANDEL, Governor                               1971

(C)       INFORMATION AVAILABLE TO PUBLIC.

THE INFORMATION CONTAINED IN OR FILED WITH ANY
REGISTRATION STATEMENT, APPLICATION, OR REPORT MAY BE
MADE AVAILABLE TO THE PUBLIC UNDER THE RULES WHICH THE
COMMISSIONER PRESCRIBES.

(D)   COPIES.

(1)      ON REQUEST AND AT THE REASONABLE
CHARGES WHICH HE PRESCRIBES, THE COMMISSIONER SHALL
FURNISH TO ANY PERSON PHOTOSTATIC OR OTHER COPIES,
CERTIFIED UNDER HIS SEAL OF OFFICE IF REQUESTED, OF ANY
ENTRY IN THE REGISTER OR ANY DOCUMENT WHICH IS A MATTER
OF PUBLIC RECORD.

(2)   IN ANY PROCEEDING OR PROSECUTION UNDER
THIS TITLE, ANY COPY SO CERTIFIED IS PRIMA FACIE
EVIDENCE OF THE CONTENTS OF THE ENTRY OR DOCUMENT
CERTIFIED.

(E)   INTERPRETATIVE OPINIONS.

THE COMMISSIONER IN HIS DISCRETION MAY HONOR
REQUESTS FROM INTERESTED PERSONS FOR INTERPRETATIVE
OPINIONS.

REVISOR'S NOTE: This section presently appears as
Art. 32A, §37.

The only changes are technical changes in
style.

11-207.             USE OR DISCLOSURE OF INFORMATION.

(A)       PERSONAL BENEFIT PROHIBITED.

IT IS UNLAWFUL FOR THE COMMISSIONER OR ANY OF THE
OFFICERS OR EMPLOYEES IN THE DIVISION OF SECURITIES TO
USE FOR PERSONAL BENEFIT ANY INFORMATION WHICH IS FILED
WITH OR OBTAINED BY THE COMMISSIONER AND WHICH IS NOT
MADE PUBLIC.

(B)   DISCLOSURE PROHIBITED.

NO PROVISION OF THIS TITLE AUTHORIZES THE
COMMISSIONER OR ANY OF HIS OFFICERS OF EMPLOYEES TO
DISCLOSE ANY SUCH INFORMATION EXCEPT AMONG THEMSELVES OR
WHEN NECESSARY OR APPROPRIATE IN A PROCEEDING OR
INVESTIGATION UNDER THIS TITLE.

(C)   COMMON LAW TO APPLY.

NO PROVISION OF THIS TITLE EITHER CREATES OR