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securities transactions

A security is a financial asset that can be bought and sold—including stocks, bonds, debentures, municipal securities, futures, and options—and a securities transaction involves the purchase, sale, redemption, or other transfer of a security.

In Maine, securities are regulated under the Maine Uniform Securities Act, which is designed to protect investors from fraud and ensure fairness in the trading of securities. This act covers a wide range of financial instruments, including stocks, bonds, debentures, municipal securities, futures, and options. The Office of Securities, which is part of the Maine Department of Professional and Financial Regulation, administers the act. The office oversees the registration of securities offered or sold in the state, the licensing of broker-dealers, agents, investment advisers, and investment adviser representatives, as well as the enforcement of the state's securities laws. Securities transactions in Maine, such as purchases, sales, redemptions, or transfers, must comply with both state statutes and applicable federal laws, including regulations set forth by the Securities and Exchange Commission (SEC). Violations of securities laws can result in penalties, including fines and imprisonment, as well as civil remedies such as restitution to harmed investors.

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Business

securities transactions

Wall Street Quality Legal Services Customized for Main Street Businesses

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Maine State Code

Maine State Code

Business

securities transactions

Articles