Mississippi § 75-76-253 - Considerations in determining whether to recommend application to register as publicly traded corporation; hearing before executive director not required.

§ 75-76-253. Considerations in determining whether to recommend application to register as publicly traded corporation; hearing before executive director not required.

In determining whether to recommend that the commission approve an application submitted pursuant to Section 75-76-251, the executive director may consider, in addition to all other requirements of this chapter: Whether the governmental authority in the foreign country has an effective system to regulate the applicant and the relations between the investing public and the applicant and other corporations listed on the exchange; Whether the system includes: A requirement that the listed corporations make full disclosure of information to the investing public; A requirement that the listed corporations file periodic reports with the governmental authority; A method to prevent any manipulation of the prices of securities or any employment of deceptive or misleading devices; and A restriction on margins to prevent any excessive use of credit for the purchase or carrying of securities listed on the exchange; The availability of means by which the commission or the executive director may obtain adequate information from the governmental authority in the foreign country concerning the applicant’s activities and/or supervision of the gaming activities of the corporate or limited partnership gaming licensee; Such other matters as the executive director or the commission finds it necessary to consider to protect regulated gaming in Mississippi. The executive director may recommend the rejection of any such application without a hearing.