$6.4M returned in restitution in Maine

Posted April 17, 2011, at 9:34 a.m.
Last modified April 18, 2011, at 11:01 a.m.

AUGUSTA, Maine — Maine Securities Administrator Judith Shaw says her office ordered more than $6.4 million in restitution returned to investors last year.

The securities office obtained an additional $164,000 in restitution for Maine investors without taking formal action.

The office also imposed more than $900,000 in fines on violators of securities laws last year, and worked with the attorney general to obtain convictions in two securities-related criminal cases in 2010.

Shaw says comment from the public plays a meaningful role in maintaining proper oversight of securities and protecting investors.

 

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