ME

Maine Blue Sky Laws

Maine regulates securities under the Maine Uniform Securities Act, enforced by the Office of Securities within the Department of Professional and Financial Regulation. Maine adopted the Uniform Securities Act and requires registration or exemption for securities offered or sold in the state.

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Donald Hateley, Of Counsel for securities law at Acquisition Stars

Donald Hateley

Of Counsel, Securities Law | Acquisition Stars

Donald Hateley serves as Of Counsel to Acquisition Stars for securities law matters. His background includes advising public and private companies on securities transactions, corporate finance, and corporate governance, including public and private equity and debt financings. Admitted to the California bar in 1993, he is a graduate of the University of Southern California Marshall School of Business and Southwestern Law School.

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Maine Securities Regulatory Overview

Regulatory Body
Maine Office of Securities (Department of Professional and Financial Regulation)
Primary Statute
Maine Uniform Securities Act (32 M.R.S. 16101 et seq.)

Registration Requirements

Maine allows registration by coordination, qualification, or notice filing for federal covered securities. Reg D Rule 506 offerings require Form D notice filing with the Office of Securities. Filing fee is $300.

Key Provisions of Maine Securities Law

Understanding the core regulatory framework in Maine:

1

Securities must be registered before offer or sale unless exempt under the Maine Uniform Securities Act

2

Maine adopted the 2002 Uniform Securities Act

3

Anti-fraud provisions apply to all securities transactions

4

The Securities Administrator has authority to investigate and bring enforcement actions

Available Exemptions in Maine

Maine provides the following exemptions from full securities registration:

  • Federal covered securities (Reg D Rule 506, Reg A+ Tier 2, exchange-listed) with notice filing
  • Isolated nonissuer transactions
  • Sales to institutional investors
  • Limited offering exemption for small offerings
  • Government securities

Penalties for Non-Compliance in Maine

Maine imposes civil penalties up to $10,000 per violation, criminal penalties including fines and imprisonment, investor rescission rights, and administrative sanctions.

How Maine Blue Sky Laws Affect Your Transaction

Transactions involving Maine-based shareholders require blue sky compliance when stock is used as deal consideration. Acquisition Stars works with securities counsel on Maine notice filings as part of multi-state deal compliance.

Need Help With a Maine Securities Transaction?

Acquisition Stars handles M&A transactions nationwide and works with securities counsel on blue sky compliance and securities offerings. Senior attorney Alex Lubyansky provides direct counsel on every M&A engagement. We tell you who would handle your matter before any introduction, and you decide whether to proceed.

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Need Help With a Maine Securities Transaction?

Submit your transaction details for a preliminary assessment. We help with the M&A side of the transaction and work with securities counsel on multi-state filings for Reg D, Reg A+, and Reg CF offerings involving Maine.

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Frequently Asked Questions

Common questions about Maine blue sky laws and securities compliance

What is Maine's Reg D filing fee?
Maine charges $300 for Reg D Rule 506 notice filings with the Office of Securities.
Who regulates securities in Maine?
The Office of Securities within the Department of Professional and Financial Regulation enforces Maine's securities laws.
Does Maine follow the Uniform Securities Act?
Yes. Maine adopted the 2002 Uniform Securities Act.

Blue Sky Laws in Nearby States

New Hampshire Blue Sky Laws NH
Vermont Blue Sky Laws VT
Massachusetts Blue Sky Laws MA
Connecticut Blue Sky Laws CT
View all 50 state blue sky law guides →

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Need Help With Securities Compliance in Maine?

Our managing partner provides selective M&A counsel and works with securities counsel on transactions involving Maine blue sky law compliance. Submit your transaction details for a preliminary assessment.

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