No person employed or appointed by the commission or in any way representing the commission shall place wagers upon the outcome of any quarter horse race conducted at a track at which pari-mutuel betting is conducted by any licensee of the commission, or have or maintain any interest, direct or indirect in a horse participating at any licensed quarter horse meeting in the State of New York.
N.Y. Comp. Codes R. & Regs. Tit. 9 § 4208.11