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Maryland Manual, 1969-70
Volume 174, Page 61   View pdf image (33K)
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MARYLAND MANUAL 61
upon the request of the Governor, of the General Assembly, or either
House thereof, or of any department or agency of the State (Code
1957, 1967 Repl. Vol., Art. 32A).
The administrative rules and regulations promulgated by any State
officer or agency must be submitted to the Attorney General for review
before they may become effective (Code 1967, 1966 Repl. Vol., Art. 41,
sec. 9). The Department is responsible for the enforcement of the
State Securities Act and the Division of Consumer Protection.
Division of Securities
Philip Z. Altfeld, Commissioner of Securities
Frederick O'Fiesh, Assistant Securities Commissioner
Room 1218, One Charles Center,
Baltimore 21201 Telephone: 383-3010
This Division, created by Chapter I, Acts of 1962, is headed by a
Securities Commissioner appointed by the Attorney _ General. The
division regulates persons involved in the securities business in Mary-
land, regulates the offering of securities to the public, regulates fraud
in securities transactions and provides administrative, civil and
criminal remedies (Code 1967, 1967 Repl. Vol., Art. 32A, sees. 13-44).
Maryland Blue Sky Advisory Committee
Chairman: Mark D. Coplin, 1972
Truman T. Semans, 1970; William R. Smith, 1970; Samuel M.
Wasserman, 1972; Walter W. Brewster, 1972; Decatur H.
Miller, 1972.
20th Floor, Maryland National Bank Building,
Baltimore 21202 Telephone: 539-2125
The Maryland Blue Sky Advisory Committee, created by Chapter
I, Acts of 1962, consists of six members appointed by the Governor
for staggered terms of three years each. The Committee functions
without compensation and has no staff. It selects its own chairman.
The Committee meets when called by the Securities Commissioner for
the purpose of giving him advice on any and all matters pertaining
to the administration of the Maryland Securities Act, particularly
the adoption, amendment or repeal of rules, regulations or forms
(Code 1967, 1967 Repl. Vol., Art. 32A, sec. 39).
Division of Consumer Protection
Norman Polovoy, Assistant Attorney General
Chief of Division
John N. Ruth, Assistant Attorney General, Chief Investigator
Room 1207, One Charles Center,
Baltimore 21201 Telephone: 539-5413
The Consumer Protection Division was created by Chapter 388, Acts
of 1967, and is headed by an Assistant Attorney General who is Chief
of the Division. The Division is concerned with the control and regula-
tion <>of fraud and false advertising to consumers and is responsible
for the enforcement of certain civil and criminal provisions provided
by the Act. The Division is also charged with the responsibility of
recommending to the Governor and the General Assembly legisla-
tion to protect the public from fraudulent schemes and promotions
and also reports to the appropriate law enforcement officers any information
concerning violations of laws affecting consumers. The Division

 
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Maryland Manual, 1969-70
Volume 174, Page 61   View pdf image (33K)
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