Section 11-511 – Denial, Suspension, and Revocation of Registration
(a) The Commissioner may issue a stop order denying effectiveness to, or suspending or revoking the effectiveness of, any registration statement if he finds that the order is in the public interest and that: (1) The registration statement as of its effective date or as of any earlier date in the case of an order denying effectiveness, […]
Section 11-512 – Summary Postponement or Suspension
(a) The Commissioner by order summarily may postpone or suspend the effectiveness of the registration statement pending final determination of any proceeding under § 11-511 of this subtitle. (b) On the entry of the order, the Commissioner promptly shall notify each person specified in § 11-513 of this subtitle: (1) That it has been entered; (2) The reasons for […]
Section 11-513 – Prerequisites to Stop Order
A stop order may not be entered under any part of § 11–503.1, § 11–511, or § 11–512 of this subtitle, except § 11–512(a) of this subtitle, without: (1) Appropriate prior notice to the applicant or registrant, the issuer, and the person on whose behalf the securities are to be or have been offered; (2) Opportunity for […]
Section 11-514 – Vacation or Modification of Stop Order
The Commissioner may vacate or modify a stop order if he finds that the conditions which prompted entry have changed or that it is otherwise in the public interest to do so.
Section 11-501 – Registration Requirement
A person may not offer or sell any security in this State unless: (1) The security is registered under this title; (2) The security or transaction is exempted under Subtitle 6 of this title; or (3) The security is a federal covered security.
Section 11-502 – Registration by Notification
(a) The following securities may be registered by notification, whether or not they are also eligible for registration by coordination under § 11–503 of this subtitle: (1) Any security whose issuer and any predecessor have been in continuous operation for at least five years if: (i) There has been no default during the current fiscal year or within […]
Section 11-503 – Registration by Coordination
(a) Any security for which a registration statement has been filed under the Securities Act of 1933 in connection with the same offering may be registered by coordination. (b) A registration statement under this section shall contain the following information and be accompanied by the following documents, in addition to the information specified in § 11–507(a) of […]
Section 11-503.1 – Filing of Documents and Fees Required; Stop Orders
(a) A person may not offer or sell a federal covered security in this State unless the documents required by this section are filed and the fees required by § 11–506 or § 11–510.1 of this subtitle are paid. (b) With respect to a federal covered security specified in § 18(b)(2) of the Securities Act of 1933, […]
Section 11-504 – Registration by Qualification
(a) Any security may be registered by qualification. (b) A registration statement under this section shall contain the following information and be accompanied by the following documents, in addition to the information specified in § 11-507(a) of this subtitle and the consent to service of process required by § 11-802(a) of this title: (1) With respect to the […]
Section 11-505 – Filing of Registration Statement
(a) A registration statement may be filed by the issuer, any other person on whose behalf the offering is to be made, or a registered broker-dealer. (b) A registration statement may be filed in the manner and form designated by rule or order of the Commissioner, including filing by electronic transmission.