Maine Revised Statutes Title 32 Sec. 11306 – Cooperation with other agencies
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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 or the Securities Exchange Act of 1934, any national or international organization of commodities or securities officials or agencies and any governmental law enforcement agency.
[PL 1989, c. 542, §80 (AMD).]
Terms Used In Maine Revised Statutes Title 32 Sec. 11306
- Administrator: means the Securities Administrator. See Maine Revised Statutes Title 32 Sec. 11201
- Commodity: means , except as otherwise specified by the administrator by rule or order, any agricultural, grain or livestock products or by-products, any metals or minerals, including a precious metal set forth in subsection 12, any gem or gemstone, whether characterized as precious, semiprecious or otherwise, any fuel, whether liquid, gaseous or otherwise, any foreign currency and all other goods, articles, products or items of any kind provided that the term commodity shall not include:
A. See Maine Revised Statutes Title 32 Sec. 11201Commodity Exchange Act: means the Act of Congress known as the "Commodity Exchange Act" as amended to the effective date of this chapter, codified at the United States Code, title 7, § 1, et seq. See Maine Revised Statutes Title 32 Sec. 11201 Commodity Futures Trading Commission: means the independent regulatory agency established by Congress to administer the Commodity Exchange Act. See Maine Revised Statutes Title 32 Sec. 11201 Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases. Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants. Subpoena: A command to a witness to appear and give testimony.
2. Type of cooperation. The cooperation authorized by subsection 1 includes, but is not limited to, the following:
A. Making joint examinations or investigations; [PL 1985, c. 643 (NEW).]
B. Holding joint administrative hearings; [PL 1985, c. 643 (NEW).]
C. Filing and prosecuting joint litigation; [PL 1985, c. 643 (NEW).]
D. Sharing and exchanging personnel; [PL 1985, c. 643 (NEW).]
E. Sharing and exchanging information and documents; [PL 1985, c. 643 (NEW).]
F. Formulating and adopting mutual regulations, statements of policy, guidelines, proposed statutory changes and releases; and [PL 1985, c. 643 (NEW).]
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. [PL 1985, c. 643 (NEW).]
[PL 1985, c. 643 (NEW).]
SECTION HISTORY
PL 1985, c. 643 (NEW). PL 1989, c. 542, §80 (AMD).