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Office of Securities

The Office of Securities protects Maine investors by investigating and prosecuting violations of the securities laws; licensing broker-dealers, agents, investment advisers, and investment adviser representatives; and reviewing registration statements and exemption filings for securities issuers that are seeking to sell in Maine.

The Office of Securities will be closed Monday, April 20th, 2020 in observence of Patriot's Day.


ALERT: Dear DPFR Licensees and Interested Parties:

Given the COVID-19 health emergency, social distancing and other precautions in compliance with Maine CDC recommendations, the Department of Professional and Financial Regulation, including the Office of Securities, is temporarily restricting public access to the Gardiner Annex. For the safety of the public and our staff, we are requesting that all parties use our online, email or telephone services to transact business, make inquiries or file complaints. During this time, the work of the Office of Securities remains uninterrupted and we intend to continue to deliver high quality services to regulated entities and to the general public while focusing on delivering those services remotely.

Thank you for your understanding.

Anne Head, Commissioner.


 

ALERT: Securities Administrator Judith Shaw has issued an Order providing temporary relief to the securities industry from certain regulatory obligations. A copy of the Order can be found here, and a related press release can be found here.

 


ALERT: New Law Becomes Effective: An Act to Protect Vulnerable Adults from Financial Exploitation

An Act to Protect Vulnerable Adults from Financial Exploitation was signed into law on April 2, 2019, and became effective on September 19, 2019. The law requires "qualified individuals," who include Broker-Dealer Agents, Investment Adviser Representatives, and people who serve in a supervisory, compliance, or legal capacity for a Broker-Dealer or Investment Adviser, to report to the Office of Securities and to Adult Protective Services suspected cases of financial exploitation of a vulnerable adult. Firms may delay disbursements believed to be in furtherance of financial exploitation and may disclose information to a third-party previously designated by the vulnerable adult. Firms are provided immunity from administrative and civil liability for actions consistent with the law. A copy of the law is available here.


ALERT: Updates to Broker-Dealer and Agent Licensing and Investment Adviser Licensing Rules Effective as of December 14, 2019.

Below are the Basis Statements and the Final Rule.


INVESTOR ALERT
Be an Informed Investor:


For more information, take a look at our investor education brochure


ALERT: Rule Requiring Notice Filings and Fees for Federal Crowdfunding Offerings is Effective as of June 16, 2017.

Below are the Basis Statement, the Final Rule and Form U-CF, the uniform form for the notice filing.


Resources for Fund-ME Filers


Industry Guidance

 


What Every Small Business Should Know About:

 


News and Alerts

  • Maine Securities Administrator Issues Order Providing Temporary Regulatory Relief For Financial Industry
  • Maine Securities Administrator Reminds Investors To Remain Calm During Market Volatility And Beware Of Con Artists
  • Maine Securities Administrator Announces Top Investor Threats For 2020
  • Military & Families Resource Fair
  • Maine Securities Administrator Announces 10 Year Sentence in Elder Financial Exploitation Case
  • Maine Securities Administrator Announces Conviction in Elder Financial Exploitation Case
  • Maine Securities Administrator Finalizes $19.4 Million Agreement with Merrill Lynch Regarding Maines NextGen College Investing Plan
  • Securities Administrator Reminds Investors to Approach Binary Options with Caution; Issues Cease and Desist Order Against Overseas Company
  • Maine Securities Administrator Announces Sentencing in Case of Theft and Securities Fraud
  • In Highlighting Elder Abuse Awareness Day, State Officials Urge Mainers to Report Suspected Cases of Financial Exploitation
  • Maines Office of Securities Announces First Fund-ME Crowdfunding Offering in Maine -- Fund-ME Provides New and Existing Businesses with Opportunity to Obtain Investments Needed to Start or Expand Operations
  • In Highlighting Elder Abuse Awareness Day, Governor LePage and State Officials Urge Mainers to Report Suspected Cases of Abuse
  • Governor and Department of Professional and Financial Regulation Highlight Upcoming 'Fostering Financial Education in Maine Schools Conference
  • State Officials Announce Sentencing in Case of Securities Fraud, Forgery and Other Crimes
  • Last Updated: March 27, 2020