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| 2.__Administrator powers to investigate.__For the purpose of an | | investigation under this chapter, the administrator or the | | administrator's designated officer may administer oaths and | | affirmations, subpoena witnesses, seek compulsion of attendance, | | take evidence, require the filing of statements and require the | | production of any records that the administrator considers relevant | | or material to the investigation.__It is unlawful to fail to | | provide any statement or record if requested. |
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| | | 3.__Procedure and remedies for noncompliance.__If a person | | does not appear or refuses to testify, file a statement or | | produce records or otherwise does not obey a subpoena as required | | by the administrator under this chapter, the administrator may | | request that the Attorney General apply to either the Superior | | Court located in Kennebec County or the Superior Court where | | service may be obtained on the person refusing to testify or | | produce or a court of another state to enforce compliance. The | | court may: |
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| | | A.__Hold the person in contempt; |
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| | | B.__Order the person to appear before the administrator; |
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| | | C.__Order the person to testify about the matter under | | investigation or in question; |
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| | | D.__Order the production of records; |
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| | | E.__Grant injunctive relief, including restricting or | | prohibiting the offer or sale of securities or the providing | | of investment advice; |
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| | | F.__Impose a civil fine not to exceed $10,000 per violation; | | and |
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| | | G.__Grant any other necessary or appropriate relief. |
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| | | 4.__Application for relief.__This section does not preclude a | | person from applying to the Superior Court located in Kennebec | | County or a court of another state for relief from a request to | | appear, testify, file a statement, produce records or obey a | | subpoena. |
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| | | 5.__Assistance to securities regulator of another | | jurisdiction.__At the request of the securities regulator of | | another state or a foreign jurisdiction, the administrator may | | provide assistance if the requesting regulator states that it is | | conducting an investigation to determine whether a person has | | violated, is violating or is about to violate a law or rule of |
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