(A) Policy. Investments by employees shall be in accordance with this subchapter.
(B) Prohibited investments.
(1) No employee shall invest or hold any legal or equitable interest in any business or enterprise which investment or interest creates a conflict of interest with or is inconsistent or incompatible with or tends to impair the proper discharge of that employee’s official duties or the exercise of his or her discretion in an official capacity.
(2) No employee shall invest in or be involved with projects, businesses or enterprises which are subject to regulation by or which have transactions with the town.
(C) Exemptions. The following investments are exempt from the requirements of this section:
(1) Bank, savings and loan or credit accounts;
(2) Insurance policies;
(3) Securities listed on a national stock exchange; and
(4) Investments in any business or enterprise which does not do business in the town.
(Prior Code, § 1-6A-11) (Ord. 1993-01, passed 4-15-1993)