Securities & Investment Regulation

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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.

ALERT: The Maine Office of Securities is currently experiencing a temporary outage of telephone services. If you need immediate assistance, please contact a member of our staff by email. A list of staff members can be found here. This issue should be resolved shortly. We apologize for the inconvenience.

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.

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Featured

• The Maine Office Of Securities Cybersecurity Guideline 2018
• Notice of Risk to Personal Data Act
• Checklist for Lawyers: Elder Investment Fraud and Financial Exploitation Tool