The Ethics Board advises that a state public official associated with a state
agency (1) not invest in a privately owned company unless the investment
opportunity has been offered independent of the official’s public position and
(2) not use information gained through the official’s public position, that is
not available to the public, or has not been made public, as a substantial
basis for the official’s personal investment in a privately owned company.
The Ethics Board also recommends that other individuals associated with the
agency follow this advice.
(June 27, 1997)