V.I. Code tit. 9, § 662 (2019)
2019 US Virgin Islands Code|Title 9 - Banking|Chapter 23 - Uniform Securities Act|Subchapter VI - Administration and Judicial Review|§ 662. Investigations and subpoenas

 (a) The Administrator may: (1) conduct public or private investigations within or outside of this State that the Administrator considers necessary or appropriate to determine whether any person has violated, is violating, or is about to violate this chapter or a rule adopted or order issued under this chapter, or to aid in the enforcement of this chapter or in the adoption of rules and forms under this chapter; (2) require or permit a person to testify, file a statement, or produce a record, under oath or otherwise as the Administrator determines, as to all the facts and circumstances concerning a matter to be investigated or about which an action or proceeding is to be instituted; and (3) publish information concerning an action, proceeding, or an investigation under, or a violation of, this chapter or a rule adopted or order issued under this chapter if the Administrator determines it is necessary or appropriate in the public interest and for the protection of investors. (b) For the purpose of an investigation under this chapter, the Administrator or its designated officer may administer oaths and affirmations, subpoena witnesses, seek compulsion of attendance, take evidence, require the filing of a statement, and require the production of any records that the Administrator considers relevant or material to the investigation. (c) If a person fails to appear or refuses to testify, file a statement, produce records, or otherwise fails to obey a subpoena as required by the Administrator under this chapter, the Administrator may refer the matter to the Attorney General, who may apply to the Superior Court of the Virgin Islands or a court of another state to enforce compliance. The court may: (1) hold the person in contempt; (2) order the person to appear before the Administrator; (3) order the person to testify about the matter under investigation or in question; (4) order the production of records; (5) grant injunctive relief, including restricting or prohibiting the offer or sale of securities or the providing of investment advice; (6) impose a civil penalty not greater than $10,000 for each violation; and (7) grant any other necessary or appropriate relief. (d) This section does not preclude a person from applying to the Superior Court of the Virgin Islands or a court of another State for relief from a request to appear, testify, file a statement, produce records, or obey a subpoena. (e) An individual is not excused from attending, testifying, filing a statement, producing a record or other evidence, or obeying a subpoena of the Administrator under this chapter or in an action commenced or proceeding instituted by the Administrator under this chapter on the ground that the required testimony, statement, record, or other evidence, directly or indirectly, may tend to incriminate the individual or subject the individual to a criminal fine, penalty or forfeiture. If the individual refuses to testify or file a statement, produce a record or other evidence on the basis of the individual's privilege against self-incrimination, the Administrator may apply to the Superior Court of the Virgin Islands to compel the testimony, the filing of the statement, the production of the record or the giving of other evidence. The testimony, record, or other information compelled under such an order may not be used, directly or indirectly, against the individual in a criminal case, except in a prosecution for perjury or contempt or otherwise failing to comply with the order. (f) At the request of the securities regulator of another state or a foreign jurisdiction, the Administrator may provide assistance if the requesting regulator states that it is conducting an investigation to determine whether a person has violated, is violating, or is about to violate a law or rule of the other state or foreign jurisdiction relating to securities matters which the requesting regulator administers or enforces. The Administrator may provide the assistance by using the authority to investigate and the powers conferred by this section as the Administrator determines is necessary or appropriate. The assistance may be provided without regard to whether the facts stated in the request would also constitute a violation of this chapter or other law of this State if occurring in this State. In deciding whether to provide the assistance, the Administrator may consider whether the requesting regulator is permitted and has agreed to provide assistance reciprocally within its state or foreign jurisdiction to the Administrator on securities matters when requested; whether compliance with the request would violate or prejudice the public policy of this State; and the availability of resources and employees of the Administrator to carry out the request for assistance.