(a) There is a Division of Securities in the Office of the Attorney General. The Division shall administer this title. (b) (1) The principal executive officer of the Division of Securities shall be the Securities Commissioner to be appointed by the Attorney General, who also shall have the power to employ those officers and employees necessary to carry […]
(a) (1) The Commissioner from time to time may make, amend, and rescind the rules, forms, and orders necessary to carry out the provisions of this title, including rules and forms governing registration statements, notice filings, applications, and reports and defining any terms, whether or not used in this title, to the extent that the definitions are […]
Every hearing in an administrative proceeding shall be public unless the Commissioner in his discretion grants a request joined in by all the respondents that the hearing be conducted privately.
The Commissioner by rule or order may require the filing of any prospectus, pamphlet, circular, form letter, advertisement, or other sales literature or advertising communication, whether communicated in hard copy, electronic means, or otherwise, addressed or intended for distribution to prospective investors, including clients or prospective clients of an investment adviser, unless the security or […]
(a) A document is filed when it is received by the Commissioner. (b) (1) The Commissioner shall keep a register of every application for registration, every notice filing, and every registration statement which is or has ever been effective under this title and every denial, suspension, or revocation order which is entered under this title. (2) The register shall […]
(a) It is unlawful for the Commissioner or any of the officers or employees in the Division of Securities to use for personal benefit any information which is filed with or obtained by the Commissioner and which is not made public. (b) No provision of this title authorizes the Commissioner or any of his officers or employees […]
(a) In this section, “Fund” means the Securities Act Registration Fund. (b) There is a Securities Act Registration Fund. (c) The purpose of the Fund is to help fund the direct and indirect costs of administering and enforcing the Maryland Securities Act. (d) The Commissioner shall administer the Fund. (e) (1) The Fund is a special, nonlapsing fund that is not […]
(a) The Commissioner may: (1) (i) Bring a civil action for damages against a person that violates § 8–801 of the Criminal Law Article on behalf of a victim of the violation or, if the victim is deceased, the victim’s estate; (ii) Recover damages under this subsection for property loss or damage; and (iii) If the Commissioner prevails in an […]
