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.
(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 […]
(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 […]
(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, […]
(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 […]
(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.
(a) Except as provided in § 11–510.1 of this subtitle, a person filing an application to register securities shall pay a fee of 0.1 percent of the maximum aggregate offering price at which the securities are to be offered in this State, but the fee may not be less than $500 or more than $1,500. (b) (1) Except […]
(a) Every registration statement shall specify: (1) The amount of securities to be offered in this State; (2) The states in which a registration statement or similar document in connection with the offering has been or is to be filed; and (3) Any adverse order, judgment, or decree entered in connection with the offering by the regulatory authorities in […]
(a) A registration statement remains effective for 1 year after its effective date unless the Commissioner by rule or order extends the period of effectiveness. A registration statement is not effective while a stop order is in effect under §§ 11-511 through 11-513 of this subtitle. (b) A registration statement may be withdrawn only in the discretion […]
As long as a registration statement registered by qualification or notification is effective, the Commissioner by rule or order may require the person who filed the registration statement to file reports, not more often than quarterly, to keep reasonably current the information contained in the registration statement and to disclose the progress of the offering.
(a) A registration statement relating to a security registered under § 11-502, § 11-503, or § 11-504 of this subtitle may be amended after its effective date so as to increase the securities specified as proposed to be offered. (b) The amendment becomes effective when the Commissioner so orders. (c) The person filing the amendment shall pay a […]
(a) A face–amount certificate company, an open–end management company, a closed–end management company that is not a federal covered security under § 18(b)(1) of the Securities Act of 1933, or a unit investment trust, as those terms are defined in the Investment Company Act of 1940, shall comply with the requirements of this section, if the […]
(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, […]
(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 […]
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 […]
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.
