Vermont § 5608 - Uniformity and cooperation with other agencies

§ 5608. Uniformity and cooperation with other agencies

• (a) The Commissioner shall, in his or her discretion, cooperate, coordinate, consult,
  and, subject to section 5607 of this chapter, share records and information with the
  securities regulator of another state, Canada, a Canadian province or territory, a
  foreign jurisdiction, the Securities and Exchange Commission, the U.S. Department
  of Justice, the Commodity Futures Trading Commission, the Federal Trade Commission,
  the Securities Investor Protection Corporation, a self-regulatory organization, a
  national or international organization of securities regulators, a federal or state
  banking and insurance regulator, and a governmental law enforcement agency to effectuate
  greater uniformity in securities matters among the federal government, self-regulatory
  organizations, states, and foreign governments. (b) In cooperating, coordinating, consulting, and sharing records and information under
  this section and in acting by rule, order, or waiver under this chapter, the Commissioner
  shall, in his or her discretion, take into consideration in carrying out the public
  interest the following general policies: (1) maximizing effectiveness of regulation for the protection of investors; (2) maximizing uniformity in federal and state regulatory standards; and (3) minimizing burdens on the business of capital formation, without adversely affecting
  essentials of investor protection. (c) The cooperation, coordination, consultation, and sharing of records and information
  authorized by this section includes: (1) establishing or employing one or more designees as a central depository for registration
  and notice filings under this chapter and for records required or allowed to be maintained
  under this chapter; (2) developing and maintaining uniform forms; (3) conducting a joint examination or investigation; (4) holding a joint administrative hearing; (5) instituting and prosecuting a joint civil or administrative proceeding; (6) sharing and exchanging personnel; (7) coordinating registrations under sections 5301 and 5401 through 5404 of this chapter
  and exemptions under section 5203 of this chapter; (8) sharing and exchanging records, subject to section 5607 of this chapter; (9) formulating rules, statements of policy, guidelines, forms, and interpretative opinions
  and releases; (10) formulating common systems and procedures; (11) notifying the public of proposed rules, forms, statements of policy, and guidelines; (12) attending conferences and other meetings among securities regulators, which may include
  representatives of governmental and private sector organizations involved in capital
  formation, deemed necessary or appropriate to promote or achieve uniformity; and (13) developing and maintaining a uniform exemption from registration for small issuers,
  and taking other steps to reduce the burden of raising investment capital by small
  businesses. (Added 2005, No. 11, § 1, eff. July 1, 2006.)