LD 509
pg. 151
Page 150 of 183 An Act To Adopt the Maine Uniform Securities Act Page 152 of 183
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LR 441
Item 1

 
administrator determines, as to all the facts and
circumstances concerning a matter to be investigated or about
which an action or proceeding is to be instituted; and

 
C.__Publish a record concerning an action, proceeding or
investigation under, or a violation of, this chapter or a
rule adopted or order issued under this chapter if the
administrator determines it is necessary or appropriate in
the public interest and for the protection of investors.

 
2.__Administrator powers to investigate.__For the purpose of
an investigation under this chapter, the administrator or the
administrator's designated officer may administer oaths and
affirmations, subpoena witnesses, seek compulsion of attendance,
take evidence, require the filing of statements and require the
production of any records that the administrator considers
relevant or material to the investigation.__It is unlawful to
fail to provide any statement or record if requested.

 
3.__Procedure and remedies for noncompliance.__If a person
does not appear or refuses to testify, file a statement or
produce records or otherwise does not obey a subpoena as required
by the administrator under this chapter, the administrator may
request that the Attorney General apply to either the Superior
Court located in Kennebec County or the Superior Court where
service may be obtained on the person refusing to testify or
produce or a court of another state to enforce compliance. The
court may:

 
A.__Hold the person in contempt;

 
B.__Order the person to appear before the administrator;

 
C.__Order the person to testify about the matter under
investigation or in question;

 
D.__Order the production of records;

 
E.__Grant injunctive relief, including restricting or
prohibiting the offer or sale of securities or the providing
of investment advice;

 
F.__Impose a civil fine not to exceed $10,000 per violation;
and

 
G.__Grant any other necessary or appropriate relief.

 
4.__Application for relief.__This section does not preclude a
person from applying to the Superior Court located in Kennebec
County or a court of another state for relief from a request to


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