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02.02.01.00.htm 02.02.01.00. Title 02 OFFICE OF THE ATTORNEY GENERAL Subtitle 02 DIVISION OF SECURITIES Chapter 01 General Administrative Regulations Authority: Corporations and Associations Article, §11-203, 11-302, 11-305, and 11-412; Business Regulation Article, §14-106 and 14-206; Annotated Code of Maryland
02.02.01.01.htm 02.02.01.01. 01 Definitions.. A. As used in the Maryland Securities Act and in this subtitle, the following terms have the meanings indicated.B. Terms Defined.. 1) "Commissioner" means the Maryland Securities Commissioner or the designated agent of the Maryland Securities Commissioner.2) "CRD" means the Central Registration Depository System.. 3) "Division" means the Division of Securities in the Office of the Attorney General.. 4) "FINRA" means the Financial Industry Regulatory Authority..
02.02.01.02.htm 02.02.01.02. 02 Administrative Files.. A. Public Inspection. Except for materials accorded confidential treatment under §B of this regulation, all registration statements, applications for registration, and reports filed with the Division are available for public inspection during regular business hours at the offices of the Division.B. Confidential Materials. The following materials contained in the registration files of the Division are not available for public inspection:
02.02.01.03.htm 02.02.01.03. 03 Petition for Adoption of Regulations.. A. Petition. An interested person may petition the Commissioner to adopt, amend, or repeal a regulation within the Commissioner's authority under the:1) Maryland Securities Act;. 2) Maryland Franchise Registration and Disclosure Law; or. 3) Maryland Business Opportunities Sales Act.. B. Form of Petition. The petition shall be submitted in writing and may be in the form of a letter addressed to the Commissioner.
02.02.01.04.htm 02.02.01.04. 04 Fines and Civil Penalties.. A. Scope. This regulation applies to fines and civil penalties imposed under the Maryland Securities Act, Corporations and Associations Article, §11-417 and 11-701.1(b)4) Annotated Code of Maryland.B. Amount of Fine or Civil Penalty. For the purpose of determining the amount of a fine or civil penalty to be imposed for a violation of any provision of the Maryland Securities Act, or any regulation or order under the Maryland Securities Act, the
02.02.01.05.htm 02.02.01.05. 05 Interpretive Opinions.. A. Filing of Request. A request for an interpretive opinion or a no action position under the Maryland Securities Act, Corporations and Associations Article, §11-206(e) Annotated Code of Maryland, shall be filed with the Commissioner.B. Form of Request. A request for an interpretive opinion or a no action position shall include:. 1) An original and one copy of the letter requesting the interpretive opinion or no action position; and
02.02.01.06.htm 02.02.01.06. 06 Consent to Service of Process.. A person required by the Maryland Securities Act, Corporations and Associations Article, §11-802, Annotated Code of Maryland, to appoint the Commissioner as agent for service of process shall file a Form U-2 (Uniform Consent to Service of Process) with the Commissioner.
02.02.01.07.htm 02.02.01.07. 07 Payment of Fees and Fines.. A. Payee. Checks for fees required by the Maryland Securities Act, the Maryland Franchise Registration and Disclosure Law, or the Maryland Business Opportunities Sales Act, or for fines or civil penalties imposed by the Commissioner, shall be made payable to "Office of the Attorney General"B. Overpayment of Fees.. 1) If the Division discovers an overpayment in an amount of $35 or greater in a fee paid directly to the Division, the Divisi
02.02.01.08.htm 02.02.01.08. 08 Place of Filing.. A registration application, pleading, correspondence, or other document required to be filed with or served upon the Commissioner shall be addressed to the Securities Commissioner, Office of the Attorney General, 200 St. Paul Place, Baltimore, Maryland 21202-2020.
02.02.01.09.htm 02.02.01.09. 09 Senior or Retiree Designations and Credentials.. A. It shall constitute a violation of the Maryland Securities Act, Corporations and Associations Article, §11-305, Annotated Code of Maryland, and a dishonest or unethical business practice under Corporations and Associations Article, §11-302(a)3) and 11-412(a)7) Annotated Code of Maryland, to use, in a way that misleads or would mislead any person, a senior-specific certification or designation that indicates or implies
02.02.01.9999.htm 02.02.01.9999. Administrative History Effective date: June 1, 1962. Regulation .05 adopted as an emergency provision effective February 16, 1990 (17:5 Md. R. 633) adopted permanently effective June 11, 1990 (17:11 Md. R. 1340)Regulation .06 adopted effective May 13, 1991 (18:9 Md. R. 1007) ―. Regulations .01―06 repealed and new Regulations .01―08 adopted effective January 17, 1994 (21:1 Md. R. 26)Regulation .01B amended effective June 15, 1998 (25:12 Md. R. 944).
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