Section 11-805 – Short Title
This title may be cited as the Maryland Securities Act.
Section 11-701 – Investigations and Subpoenas
(a) In his discretion, the Commissioner may: (1) Make public or private investigations within or outside of this State as he considers necessary to: (i) Determine whether any person has violated or is about to violate any provision of this title or any rule or order under this title; or (ii) Aid in the enforcement of this title or […]
Section 11-701.1 – Actions to Be Taken by Commissioner
(a) Whenever the Commissioner determines that a person has engaged or is about to engage in any act or practice constituting a violation of any provision of this title or any rule or order under this title or that a person has knowingly or recklessly provided substantial assistance, is knowingly or recklessly providing substantial assistance, or […]
Section 11-702 – Remedies
(a) Whenever it appears to the Commissioner that any person is about to engage in any act or practice constituting a violation of any provision of this title or any rule or order under this title or that the person is about to knowingly or recklessly provide substantial assistance to another person in connection with an […]
Section 11-703 – Civil Liabilities
(a) (1) A person is civilly liable to the person buying a security from him if he: (i) Offers or sells the security in violation of § 11-304(b), § 11-401(a), § 11-402(a), or § 11-501 of this title, or of any rule or order under § 11-205 of this title which requires the affirmative approval of sales literature […]
Section 11-704 – Judicial Review of Orders
(a) Any person aggrieved by a final order of the Commissioner may obtain a review of the order in conformity with the procedure prescribed in the Maryland Rules and in the Administrative Procedure Act. (b) The commencement of proceedings under subsection (a) of this section, unless specifically ordered by the court, does not operate as a stay […]
Section 11-705 – Penalties
(a) (1) Any person who willfully violates any provision of this title, except § 11–303 or § 11–305 of this title or who willfully violates any rule or order under this title except a rule or order under § 11–305 of this title, or who willfully violates § 11–303 of this title knowing the statement made to […]
Section 11-801 – Scope of Title
(a) Sections 11-301, 11-302, 11-303, 11-304, 11-401, 11-501, and 11-703 of this title apply to any person who: (1) Sells or offers to sell if: (i) The offer to sell is made in this State; or (ii) The offer to buy is made and accepted in this State; or (2) Offers or provides investment advisory services if: (i) The contract for […]
Section 11-802 – Appointment of Attorney to Receive Service of Process
(a) (1) Every issuer filing an application for registration under this title and every issuer filing an application for, request for, or notice of an exemption from registration under this title, or a notice under § 11-503.1 of this title shall file with the Commissioner, in the form which the Commissioner by rule prescribes, an irrevocable consent […]
Section 11-804 – Uniformity of Interpretation
This title shall be construed to effectuate its general purpose to make uniform the law of those states which enact it and to coordinate the interpretation and administration of this title with the related federal regulation.