Confidentiality in settlement: benefit granted only if applicant admits limited wrongdoing and provides substantial assistance. Regulation 19 permits an applicant to obtain confidentiality by making a limited admission for settlement and providing substantial assistance in investigations of securities law violations, provided the applicant ceases participation in the violation, gives complete and true disclosure of information and evidence, cooperates fully and preserves relevant documents. Applications must be made prior to or while an investigation is pending, follow Schedule IV disclosures, and may be accepted with written assurance of confidentiality or rejected with written reasons if information is incomplete or false; the Board may impose further conditions or rely on submitted information if conditions are breached.