Relating to securities regulation; and prescribing an effective date.

Permits Director of Department of Consumer and Business Services to make any proper inquiry of person or matter connected with offering, purchasing or selling any security or conducting securities business and requires person to reply promptly and truthfully to inquiry. Provides confidentiality for and prohibits disclosure of certain materials that Director of Department of Consumer and Business Services gathers, compiles or creates as part of examination or investigation of person in connection with offer, purchase or sale of security or conduct of securities business and specifies exemptions from prohibition on disclosure. Permits examination of officer of department concerning records that are exempt from disclosure under specified circumstances. Permits director to use confidential materials or information to extent director considers necessary in action, suit or proceeding to investigate or prosecute apparent violations of Oregon Securities Law. Imposes penalty of not more than $60,000 for violation of Oregon Securities Law and maximum of $300,000 for continuing violation. Permits director to order restitution. Takes effect on 91st day following adjournment sine die.