| | | 1.__Enforcement related powers.__Notwithstanding the Maine | | Administrative Procedure Act, an order under this chapter may | | deny, suspend application of, condition, limit or revoke an | | exemption created under section 16201, subsection 3, paragraph C, | | section 16201, subsection 7 or 8 or section 16202 or an exemption | | or waiver created under section 16203 with respect to a specific | | security, transaction or offer if the administrator finds that | | the order is consistent with the public interest and the | | protection of the public. An order under this section may be | | issued only pursuant to the procedures in section 16306, | | subsection 4 or section 16604 and only prospectively. |
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| | | 2.__Knowledge of order required.__A person does not violate | | section 16301, sections 16303 to 16306, section 16504 or section | | 16510 by an offer to sell, offer to purchase, sale or purchase | | effected after the entry of an order issued under this section if | | the person did not know, and in the exercise of reasonable care | | could not have known, of the order. |
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| | | REGISTRATION OF SECURITIES AND NOTICE |
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| | | FILING OF FEDERAL COVERED SECURITIES |
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| | | §16301.__Securities registration requirement |
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| | | It is unlawful for a person to offer or sell a security in | | this State unless: |
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| | | 1.__Federal covered security.__The security is a federal | | covered security; |
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| | | 2.__Exempt from registration.__The security, transaction or | | offer is exempted from registration under sections 16201 to | | 16203; or |
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| | | 3.__Registered.__The security is registered under this | | chapter. |
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| | | 1.__Notice filings for federal covered securities under | | Section 18(b)(2) of the federal Securities Act of 1933.__A | | federal covered security, as defined in Section 18(b)(2) of the | | federal Securities Act of 1933, 15 United States Code, Section | | 77r(b)(2), that is not otherwise exempt under sections 16201 to | | 16203 may not be offered or sold in this State unless before the | | initial offer in this State the following are filed with the | | administrator: |
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