§ 78C-26. Administration of Chapter. - North Carolina Statutes

Article 4.

Administration andReview.

§ 78C‑26. Administration of Chapter.

(a)        This Chapter shallbe administered by the Secretary of State. The Secretary of State asAdministrator may delegate all or part of the authority under this Chapter tothe Deputy Securities Administrator including, but not limited to, theauthority to conduct hearings, and make, execute and issue final agency ordersand decisions. The Secretary of State may appoint such clerks and otherassistants as may from time to time be needed. The Secretary of State maydesignate one or more hearing officers for the purpose of conductingadministrative hearings.

(b)        It is unlawful forthe Administrator or any of his officers or employees to use for personalbenefit any information which is filed with or obtained by the Administratorand which is not made public. No provision of this Chapter authorizes theAdministrator or any of his officers or employees to disclose any suchinformation except among themselves or when necessary or appropriate in aproceeding or investigation under this Chapter. No provision of this Chaptereither creates or derogates from any privilege which exists at common law orotherwise when documentary or other evidence is sought under a subpoenadirected to the Administrator or any of his officers or employees.

(c)        All fees providedfor under this Chapter shall be collected by the Administrator and shall bepaid over to the State Treasurer to go into the General Fund. (1987 (Reg. Sess., 1988), c.1098, s. 1; 2001‑126, s. 10.)