Opinion No. (1989)

Dear Mr. Blunt and Mrs. Kelly:

This opinion letter is in response to your question asking:

Does the Commissioner of Securities have authority to receive a monetary settlement in an administrative licensing case when the funds received are deposited in the state's General Revenue Special Funds Account and subsequently appropriated by the General Assembly for the purpose for which they were received?

You provided the following statement of facts relating to the question posed:

The Missouri Commissioner of Securities settled an administrative licensing matter with a brokerage firm by agreeing to…