Code of Alabama - Title 41: State Government - Section 41-9-85.7 - Powers of Securities Commission under this division

Section 41-9-85.7 - Powers of Securities Commission under this division.

(a) The Securities Commission, or any person designated by the Securities Commission, may do any of the following:

(1) Make public or private investigations, within or outside of the state, as deemed necessary to aid in the enforcement of this division.

(2) Require or permit any person to file a statement in writing, under oath or otherwise, as the Security Commission may determine, as to all facts and circumstances relating to the matter being investigated.

(3) Publish information concerning a violation of this division.

(4) Administer oaths and affirmations, subpoena witnesses, compel attendance, take evidence, and require the production of any books, papers, correspondence, memoranda, agreements, or other documents or records, in whatever form they may exist, that the Securities Commission deems relevant or material to an investigation.

(b) If a person fails to comply with a subpoena issued or refuses to appear, the Securities Commission may seek enforcement of the subpoena or order to appear in a court of competent jurisdiction.

(Act 2019-538, §2.)

Last modified: May 3, 2021