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knowledge of, or experience in, the theory and practice of | | securities. |
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| | | B.__With the approval of the Commissioner of Professional | | and Financial Regulation, the administrator shall organize | | the Office of Securities in such a manner as the | | administrator considers necessary to carry out the | | administrator's responsibilities. |
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| | | C.__The administrator may employ personnel as the business | | of the Office of Securities may require, subject to the | | Commissioner of Professional and Financial Regulation's | | approval and in accordance with the Civil Service Law. The | | qualifications of the personnel must reflect the needs and | | responsibilities of the Office of Securities' regulatory | | functions. The administrator may authorize senior personnel | | of the Office of Securities to carry out the administrator's | | duties and authority. The administrator may employ or engage | | such expert, professional or other assistance as may be | | necessary to assist the Office of Securities in carrying out | | its functions. In addition to salaries or wages, all | | employees of the Office of Securities must receive their | | actual expenses incurred in the performance of their | | official duties. |
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| | | D. At the expense of the Office of Securities, the | | administrator may train the Office of Securities' employees, | | or have them trained, in a manner the administrator | | determines desirable, to carry out the purposes of the | | Office of Securities. |
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| | | 2.__Unlawful use of records or information.__It is unlawful | | for the administrator or an 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 is not public under section 16607, subsection | | 2. 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 | | 16602, section 16607, subsection 3 or section 16608. |
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| | | 3.__No privilege or exemption created or diminished.__This | | chapter does not create or diminish a privilege or exemption that | | exists at common law or by statute or rule or otherwise. |
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| | | 4.__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 |
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