§ 27-1-36 - Regulations of "insider trading". - Rhode Island Statutes

SECTION 27-1-36

   § 27-1-36  Regulations of "insidertrading". – The commissioner shall have the power to make any rules and regulations thatmay be necessary for the execution of the functions vested in the commissionerby §§ 27-1-29 – 27-1-35, and may for that purpose classifydomestic stock insurance companies, securities, and other persons or matterswithin the commissioner's jurisdiction. No provision of §§ 27-1-29– 27-1-31 imposing any liability shall apply to any act done or omitted ingood faith in conformity with any rule or regulation of the commissioner,notwithstanding that the rule or regulation may, after the act or omission, beamended or rescinded or determined by judicial or other authority to be invalidfor any reason.