Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
032 - OFFICE OF SECURITIES
Chapter 523 - RULE REGARDING SHORT-FORM SEED CAPITAL REGISTRATIONS
Section 032-523-8 - Reporting

Universal Citation: 02 ME Code Rules ยง 032-523-8

Current through 2024-38, September 18, 2024

The issuer shall report to the Administrator in writing the following information that is applicable:

1. Within three (3) business days of first issuing securities after reaching the minimum offering amount, the amount of funds raised to date;

2. Within three (3) business days of a decision to cease the offering and return all funds to investors, the total amount of funds raised;

3. Within fourteen (14) calendar days after the completion of the offering, the total amount of funds raised; and

4. At the request of the Administrator, but not more often than quarterly, a complete accounting of the funds impounded by the issuer to date or, if the impoundment has ceased, the disposition of the funds raised and the further progress of the offering.

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