Ch. 533                                           LAWS OF MARYLAND

(3)  The Commissioner shall consider that an agent who
will work under the supervision of a registered broker-dealer
need not have the same qualifications as a broker-dealer; and

(4)  The Commissioner by rule may provide for ah
examination, which may be written, oral, or both, to be taken by
any class of or all applicants. THE COMMISSIONER BY RULE OR ORDER
MAY WAIVE THE EXAMINATION REQUIREMENT AS TO A PERSON OR CLASS OF
PERSONS IF THE COMMISSIONER DETERMINES THAT THE EXAMINATION IS
NOT NECESSARY OR APPROPRIATE IN THE PUBLIC INTEREST OR FOR THE
PROTECTION OF INVESTORS.

11-417.

On notice and hearing as provided in § 11-416 of this
subtitle, the Commissioner may fine any broker-dealer or agent
[in an amount not to exceed $100 for each violation of this
title] UP TO A MAXIMUM AMOUNT OF $2,500 FOR ANY SINGLE VIOLATION
OF THIS TITLE.

11-503.

(a)   Any security for which a registration statement has
been filed under the Securities Act of 1933 in connection with
the same offering may be registered by coordination.

(b)  A registration statement under this section shall
contain the following information and be accompanied by the
following documents, in addition to the information specified in
§ 11-507 (a) of this subtitle and the consent to service of
process required by § 11-802 (a) of this title:

(1)  Three copies of the latest form of prospectus
filed under the Securities Act of 1933;

(2)   If the Commissioner by rule or otherwise
requires:

(i) A copy of the articles of incorporation and
bylaws or their substantial equivalents, as currently in effect;

(ii) A copy of any agreements with or among
underwriters;

(iii) A copy of any indenture or other
instrument governing the issuance of the security to be
registered; and

(iv) A specimen or copy of the security;

(3)  If the Commissioner requests, any other
information or copies of any other documents filed under the
Securities Act of 1933; and

- 3276 -