This bill makes 2 technical changes to the Maine Uniform Securities Act by updating references to federal citations regarding nonpublic offerings and changing the word "registration" to "licensure" for consistency with the requirements that broker-dealers, agents, investment advisers and investment adviser representatives be licensed. It also extends the authority of the Securities Administrator in the Department of Professional and Financial Regulation, Office of Securities to grant broker-dealer licensing exemptions to any person regardless of location, not just to those broker-dealers that have a place of business only outside of the State.

Statutes affected:
Bill Text LD 2060, SP 846: 32.16202, 32.16401, 32.16606