Maine Revised Statutes

Title 32, Chapter 135: MAINE UNIFORM SECURITIES ACT

Subchapter 1: GENERAL PROVISIONS

32 §16101. Short title

32 §16102. Definitions

32 §16103. References to federal statutes

32 §16104. References to federal agencies

32 §16105. Electronic records and signatures

Subchapter 2: EXEMPTIONS FROM REGISTRATION OF SECURITIES

32 §16201. Exempt securities

32 §16202. Exempt transactions

32 §16203. Additional exemptions and waivers

32 §16204. Denial, suspension, revocation, condition or limitation of exemptions

Subchapter 3: REGISTRATION OF SECURITIES AND NOTICE FILING OF FEDERAL COVERED SECURITIES

32 §16301. Securities registration requirement

32 §16302. Notice filing

32 §16303. Securities registration by coordination

32 §16304. Securities registration by qualification

32 §16305. Securities registration filings

32 §16306. Denial, suspension and revocation of securities registration

32 §16307. Waiver and modification

Subchapter 4: BROKER-DEALERS, AGENTS, INVESTMENT ADVISERS, INVESTMENT ADVISER REPRESENTATIVES AND FEDERAL COVERED INVESTMENT ADVISERS

32 §16401. Broker-dealer licensing requirement and exemptions

32 §16402. Agent licensing requirement and exemptions

32 §16403. Investment adviser licensing requirement and exemptions

32 §16404. Investment adviser representative licensing requirement and exemptions

32 §16405. Federal covered investment adviser notice filing requirement

32 §16406. Licensing of broker-dealers, agents, investment advisers and investment adviser representatives

32 §16407. Succession and change in licensing of broker-dealer or investment adviser

32 §16408. Termination of employment or association of agent and investment adviser representative and transfer of employment or association

32 §16409. Withdrawal of licensing of broker-dealer, agent, investment adviser and investment adviser representative

32 §16410. Filing fees

32 §16411. Postlicensing requirements

32 §16412. Denial, revocation, suspension, withdrawal, restriction, condition or limitation of licensing

Subchapter 5: FRAUD AND LIABILITIES

32 §16501. General fraud

32 §16502. Prohibited conduct in providing investment advice

32 §16503. Evidentiary burden

32 §16504. Filing of sales and advertising literature

32 §16505. Misleading filings

32 §16506. Misrepresentations concerning licensing, registration or exemption

32 §16507. Qualified immunity

32 §16508. Criminal penalties

32 §16509. Civil liability

32 §16510. Rescission offers

32 §16511. Right to rescission applicable to sales of viatical or life settlement contracts

Subchapter 6: ADMINISTRATION AND JUDICIAL REVIEW

32 §16601. Administration

32 §16602. Investigations and subpoenas

32 §16603. Civil enforcement

32 §16604. Administrative enforcement

32 §16605. Rules, forms, orders, interpretative opinions and hearings

32 §16606. Administrative files and opinions

32 §16607. Public records; confidentiality

32 §16608. Uniformity and cooperation with other agencies

32 §16609. Judicial review

32 §16610. Jurisdiction

32 §16611. Service of process

32 §16612. Liability of control persons

32 §16613. Administrative determination of abandonment

Subchapter 7: TRANSITION

32 §16701. Effective date

32 §16702. Application