$6.4M returned in restitution in Maine

The Associated Press
Posted April 17, 2011, at 9:34 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.

 

http://bangordailynews.com/2011/04/17/news/state/6-4-m-returned-in-restitution-in-maine/ printed on December 26, 2014