Maine Securities Litigation and Arbitration Lawyers

The Maine Uniform Securities Act (MUSA) is a state law that regulates the sale of securities in Maine. The MUSA is based on the Uniform Securities Act, which is a model law that has been adopted by many other states.

The MUSA is designed to protect investors from fraud and to ensure that investors have access to accurate information about the securities they are considering purchasing.

Some of the key provisions of the MUSA include:

• Registration of broker-dealers, agents, and investment advisers: All broker-dealers, agents, and investment advisers who offer or sell securities in Maine must be registered with the Maine Bureau of Securities.

• Anti-fraud provisions: The MUSA prohibits fraud and other unfair practices in the sale of securities.

• Enforcement: The Maine Bureau of Securities is responsible for enforcing the MUSA. The Bureau can investigate alleged violations of the law and take enforcement actions, such as issuing cease-and-desist orders and imposing fines.

You can learn more about the law by visiting the Maine Bureau of Securities website or by contacting the Bureau.

Here are some tips for investors who are considering investing in securities in Maine:

• Make sure the broker-dealer and investment adviser are registered with the Maine Bureau of Securities. You can check the Bureau's website to see if a broker-dealer or investment adviser is registered.

• Make sure the securities are registered with the Maine Bureau of Securities. You can check the Bureau's website to see if a security is registered.

• Get a copy of the prospectus for the security before you invest. The prospectus is a document that contains important information about the security, such as the risks involved in the investment.

• Ask questions and do your research before you invest. Don't be afraid to ask your broker-dealer or investment adviser questions about the security you are considering investing in. You should also do your own research to learn more about the security and the company that issued it.

Additional information about the MUSA:

The MUSA exempts certain securities and transactions from registration. For example, securities issued by the United States or the state of Maine are exempt from registration. Securities issued by certain banks and other financial institutions are also exempt from registration.

The MUSA also allows the Maine Bureau of Securities to grant exemptions from registration on a case-by-case basis.

In addition to the Maine Uniform Securities Act, numerous federal law provide protections for investors:

• The Securities Act of 1933

• The Securities Exchange Act of 1934

• The Trust Indenture Act of 1939

• Investment Company Act of 1940

• Investment Advisor Act of 1940

• Sarbanes-Oxley Act of 2002

• Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010

• Jumpstart our Business Startups Act of 2012

• FINRA Regulations 

• Securities and Exchange Commission (SEC) Regulations