{"id":"AGY-ST-INSURANCE-BANKING-065","kind":"order","level":"sector-regulator","jurisdiction":"Maine; Office of Securities, Department of Professional and Financial Regulation (State securities regulator)","state":"ME","metro":"","industry":"","agency":"ST-INSURANCE-BANKING","eco":"","issuer":"Judith M. Shaw, Securities Administrator","authority":"32 M.R.S. §§ 16307, 16406(5), 16605","instrument":"Order No. 2020-11, Order Addressing Disruptions","title":"Order Addressing Disruptions caused by the COVID-19 pandemic (temporary licensing exemption for displaced professionals; filing and delivery deadline relief; suspension of in-person training)","dateIssued":"2020-03-25","effective":"2020-03-25","end":"Until the expiration date of the Order or any extension (not verified)","startDate":"2020-03-25","endDate":"2020-06-30","quarters":["2020Q2"],"types":["TELE","OTHER"],"addressees":["investment advisers, investment adviser representatives, broker-dealers and broker-dealer agents licensed or displaced into Maine"],"clause":"WHEREAS, the current novel coronavirus (COVID-19) pandemic, and steps implemented by government or private entities to curtail its spread, may disrupt investment adviser, investment adviser representative, broker-dealer and broker-dealer agent operations, and the securities registrations process... NOW, THEREFORE, under the authority of Sections 16307, 16406(5), and 16605 of the Maine Uniform Securities Act, it is hereby ORDERED that: [displaced professionals affected by the] pandemic are temporarily exempted from the licensing and filing requirements of the [Act, provided they were properly licensed with all] securities regulators and self-regulatory organizations as of March 1, 2020... An investment adviser that is unable to meet a filing deadline or delivery requirement [may make the filing up to] 45 days after such action is due... The in-person seminar training required by Rule Chapter 504 6(5) and Rule Chapter [515 for broker-dealer agents and investment adviser] representatives prior to licensure is suspended during the pendency of this Order.","enforcement":"32 M.R.S. §§ 16603, 16604 (enforcement; civil penalties)","functions":["WM broker-dealers and advisers","HR licensing (in-person training suspended)","OP"],"notes":"NASAA posted this order under the file name \u0027Order-re-Coronavirus-Relief-MI\u0027; the text identifies it as the Maine Securities Administrator\u0027s Order No. 2020-11 (OCR read).","sourceUrl":"https://www.nasaa.org/wp-content/uploads/2020/03/Order-re-Coronavirus-Relief-MI.pdf","snapshot":"","fileExists":true,"fileBytes":1370576,"grade":"primary","character":"","description":"","collection":"AGY-ST-INSURANCE-BANKING","url":"/library/AGY-ST-INSURANCE-BANKING-065","exhibitUrl":"/exhibit/AGY-ST-INSURANCE-BANKING-065","citation":"Judith M. Shaw, Securities Administrator, Order No. 2020-11, Order Addressing Disruptions (Mar. 25, 2020) (Ex. AGY-ST-INSURANCE-BANKING-065)","stateName":"Maine","related":[]}