Learn About The Law
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Current as of January 01, 2025 | Updated by Findlaw Staff
1. Violation of chapter. Upon showing of violation of this chapter or a rule or order of the administrator, the court, in addition to traditional legal and equitable remedies, including temporary restraining orders and permanent or temporary prohibitory or mandatory injunctions, may grant one or more of the following special remedies:
A. Imposition of a civil penalty in an amount which may not exceed $10,000 for any single violation;
B. Disgorgement;
C. Declaratory judgment;
D. Restitution to investors wishing restitution; or
E. Appointment of a receiver or conservator for the defendant or the defendant's assets.
2. Violation about to occur. Upon a showing by the administrator that a person is about to violate any provision of this chapter or any rule or order of the administrator, the court may grant one or more of the following remedies:
A. A temporary restraining order;
B. A temporary or permanent injunction; or
C. An order appointing a receiver or conservator for the defendant or the defendant's assets.
3. No bond required. The court shall not require the administrator to post a bond in any official action under this chapter.
4. Violation of foreign state law. Upon showing by the administrator of securities or commodity agency of another state that a person has violated the securities or commodity act of the foreign state or a rule or order of the administrator or securities or commodity agency of the foreign state, the court, in addition to traditional legal or equitable remedies including temporary restraining orders, and permanent or temporary prohibitory or mandatory injunctions, may grant the following special remedies:
A. Disgorgement; or
B. Appointment of a receiver, conservator or ancillary receiver or conservator for the defendant or the defendant's assets located in this State.
5. Violation of foreign law about to occur. Upon showing by the administrator or securities or commodity agency of another state that a person is about to violate the securities or commodity act of the foreign state or a rule or order of the administrator or securities or commodity agency of the foreign state, the court may only grant:
A. A temporary restraining order;
B. A temporary or permanent injunction; or
C. An order appointing a receiver, conservator or ancillary receiver or conservator for the defendant or the defendant's assets located in this State.
Cite this article: FindLaw.com - Maine Revised Statutes Title 32. Professions and Occupations § 11303. Power of court to grant relief - last updated January 01, 2025 | https://codes.findlaw.com/me/title-32-professions-and-occupations/me-rev-st-tit-32-sect-11303/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Search our directory by legal issue
Enter information in one or both fields (Required)