4. Section 608(c) lists some joint or coordinated efforts which might be undertaken. Other appropriate cooperative activities are also encouraged.

5. Court decisions interpreting the securities laws have construed these acts to achieve "broad protection to investors," a remedial approach that "embodies a flexible rather than a static principle, one that is capable of adaption to meet the countless and variable schemes devised by those who seek to use the money of others on the promise of profits." SEC v. W.J. Howey Co, 328 U.S. 293, 299, 301 (1946).

Maine Comments

1. Section 16608(1): The Revised Maine Securities Act contained a specific provision, in section 10702(1), that the administrator has the discretion to bear the costs of cooperation with other regulators. Maine does not retain that provision here because the administrator has such discretion even without a specific provision to that effect.

§16609.__Judicial review

1.__Judicial review of orders.__Notwithstanding Title 10, section 8003, subsection 5, any person aggrieved by a final order of the administrator may obtain judicial review of the order in the Superior Court of Kennebec County by filing a petition in accordance with Title 5, section 11001 and the Maine Rules of Civil Procedure, Rule 80C.

2.__Judicial review of rules.__A rule adopted under this chapter is subject to judicial review in accordance with the Maine Administrative Procedure Act.

Official Comments

Prior Provisions: 1956 Act Section 411; RUSA Section 711(b).

1. The 1956 Act Section 411 specified procedures for judicial review of orders, in part modeled on Section 12 of the Model Administrative Procedure Act, 54 Handbook of National Conference of Commissioners on Uniform State Laws 334 (1944) and partly on Section 25 of the Securities Exchange Act.