Nevada § 90.620 - Investigations and subpoenas

§ 90.620. Investigations and subpoenas

1. The Administrator may make an investigation, within or outside of this State, as

the Administrator finds necessary to determine whether a person has violated or is

about to violate this chapter or any regulation or order of the Administrator under

this chapter or to aid in enforcement of this chapter. 2. Except as otherwise provided in subsection 4 of NRS 90.730 , the Administrator may publish information concerning a violation of this chapter

or a regulation or order of the Administrator under this chapter or concerning types

of securities or acts or practices in the offer, sale or purchase of types of securities

which may operate as a fraud or deceit. 3. For the purposes of an investigation or proceeding under this chapter, the Administrator

or any officer or employee designated by the Administrator by regulation, order or

written direction may conduct hearings, administer oaths and affirmations, render

findings of fact and conclusions of law, subpoena witnesses, compel their attendance,

take evidence and require the production, by subpoena or otherwise, of books, papers,

correspondence, memoranda, agreements or other records which the Administrator determines

to be relevant or material to the investigation or proceeding. A person whom the Administrator does not consider to be the subject of an investigation

is entitled to reimbursement at the rate of 25 cents per page for copies of records

which the person is required by subpoena to produce. The Administrator may require or permit a person to file a statement, under oath

or otherwise as the Administrator determines, as to the facts and circumstances concerning

the matter to be investigated. 4. If the activities constituting an alleged violation for which the information is

sought would be a violation of this chapter had the activities occurred in this State,

the Administrator may issue and apply to enforce subpoenas in this State at the request

of a securities agency or administrator of another state, jurisdiction, Canadian province

or territory, the Commodity Futures Trading Commission, or by the Securities and Exchange

Commission or a comparable regulatory agency of another country. 5. If a person does not testify or produce the records required by the Administrator

or a designated officer or employee pursuant to subpoena, the Administrator or designated

officer or employee may apply to the court for an order compelling compliance. A request for an order of compliance may be addressed to: (a) The district court in and for the county where service may be obtained on the

person refusing to testify or produce, if the person is subject to service of process

in this State; or (b) A court of another state having jurisdiction over the person refusing to testify

or produce, if the person is not subject to service of process in this State. 6. Not later than the time the Administrator requests an order for compliance, the

Administrator shall either send notice of the request by registered or certified mail,

return receipt requested, to the respondent at the last known address or take other

steps reasonably calculated to give the respondent actual notice.