(a) Persons who become involved in an investigation may, on their own initiative, submit a written statement to the Commissioner setting forth their interests and position in regard to the subject matter of the investigation. Upon request, the Division, in its discretion, may advise such persons of the general nature of the investigation, including the indicated violations as they pertain to them, and the amount of time that may be available for preparing and submitting a statement prior to the presentation of a Division recommendation to the Commissioner for the commencement of an administrative or injunction proceeding. Submissions by interested persons should be forwarded to the Securities Commissioner with a copy to the staff members conducting the investigation and should be clearly referenced to the specific investigation to which they relate. In the event a recommendation for the commencement of an enforcement proceeding is presented by the Division, any submissions by interested persons will be considered prior to commencement of any proceeding.

(b) Regardless of any voluntary written submission provided under Rule 307(a), the Commissioner may, pursuant to Section 7319(a) of the Act, require any person to file a statement in writing, under oath or otherwise as the Commissioner determines, as to any or all of the facts and circumstances concerning the matter under investigation.