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Maine Revised Statutes Title 32. Professions and Occupations § 11306. Cooperation with other agencies

Current as of January 01, 2025 | Updated by Findlaw Staff

1. Cooperation. To encourage uniform application and interpretation of this chapter and commodities regulation and enforcement in general, the administrator and the employees of the administrator may cooperate, including bearing the expense of the cooperation, with the securities agencies or administrator of another jurisdiction, Canadian province or territory or such other agencies administering this chapter, the Commodity Futures Trading Commission, the Securities and Exchange Commission, any self-regulatory organization established under the Commodity Exchange Act  1 or the Securities Exchange Act of 1934,  2 any national or international organization of commodities or securities officials or agencies and any governmental law enforcement agency.

2. Type of cooperation. The cooperation authorized by subsection 1 includes, but is not limited to, the following:

A. Making joint examinations or investigations;

B. Holding joint administrative hearings;

C. Filing and prosecuting joint litigation;

D. Sharing and exchanging personnel;

E. Sharing and exchanging information and documents;

F. Formulating and adopting mutual regulations, statements of policy, guidelines, proposed statutory changes and releases; and

G. Issuing and enforcing subpoenas at the request of the agency administering this chapter in another jurisdiction, the securities agency of another jurisdiction, the Commodity Futures Trading Commission or the Securities and Exchange Commission if the information sought would also be subject to lawful subpoena for conduct occurring in this State.

1 7 U.S.C.A. § 1 et seq.
2 15 U.S.C.A. § 78a et seq.
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Cite this article: FindLaw.com - Maine Revised Statutes Title 32. Professions and Occupations § 11306. Cooperation with other agencies - last updated January 01, 2025 | https://codes.findlaw.com/me/title-32-professions-and-occupations/me-rev-st-tit-32-sect-11306/

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