166[Maryland Manual

DIVISION OF SECURITIES

Ellyn L. Brown, Commissioner
Sarah McGafferty, Deputy Commissioner

7 N. Calvert St.
Baltimore, MD 21202 576-6360

The Division of Securities was established in
1962 with the passage of the Maryland Securities
Act. The principal executive officer of the Division
is the Securities Commissioner, who is appointed by
the Attorney General.

The Securities Commissioner and the Division
are charged by statute to administer and enforce
four Maryland laws: the Maryland Securities Act
(Code Corporations and Associations Article, secs.
11-101 through 11-805); the Franchise Registra-
tion and Disclosure Law (Code 1957, Art. 56, secs.
345-365D); and the Business Opportunities Sales
Act (Code 1957, Art. 56, secs. 401-415).

Administration of these acts involves a substan-
tive scheme of regulation imposed by statute and
by rule requiring the registration of investment
opportunities prior to their offer and sale to the
public. In addition, under the Securities Act, a
licensing requirement (subject to annual renewals)
is imposed on persons engaged in the sale of secu-
rities. Enforcement of these laws is accomplished
through a comprehensive statutory framework im-
posing administrative, civil, and criminal standards.
This involves the use of investigatory powers, ad-
ministrative hearings and administrative orders, lit-
igation in State and federal courts, and cooperative
efforts with State's Attorneys' and Attorney
General's Offices in criminal matters.

MARYLAND BLUE SKY ADVISORY
COMMITTEE

Ellyn L. Brown, Chairperson

Appointed by Governor: Gerald M. Rashbaum,
1988; MarkD. Coplin, 1989; John S. Lalley, 1989;
Virginia K. Adams; E. Robert Kent, Jr.; one

vacancy.

7 N. Calvert St.
Baltimore, MD 21202 576-6360

The Maryland Blue Sky Advisory Committee
was created in 1962 (Chapter 1, Acts of 1962). The
Committee meets, when called by the Securities
Commissioner, to advise the Commissioner on any
and all matters pertaining to the administration of
the Maryland Securities Act, particularly on the
adoption, amendment, or repeal of rules, regula-
tions, or forms (Code Corporations and Associa-
tions Article, sec. 11-202).

The Committee consists of six members ap-
pointed by the Governor for three-year terms. The

Committee serves without compensation and has
no staff.

ASSISTANT ATTORNEYS GENERAL
WITH STATE AGENCIES

Department of Economic and Employment
Development

Arthur S. Drea, Jr., Counsel
Alexander J. Wright, Jr., Deputy Counsel
217 E. Redwood St., Suite 1101
Baltimore, MD 21202 333-4813

Department of the Environment

Michael C. Powell, Counsel
Vacancy, Deputy Counsel
2500 Broening Highway
Baltimore, MD 21224 631-3053

Department of General Services

Allan B. Blumberg, Counsel
Jeffrey H. Myers, Deputy Counsel
301 W Preston St.
Baltimore, MD 21201 225-4990

Contract Litigation Unit

Jeffrey H. Myers, Deputy Counsel
15 Charles Plaza, Suite 102
Baltimore, MD 21201 333-1791

Department of Housing and Community
Development

Margaret McFarland, Counsel
Judith W Price, Deputy Counsel
45 Calvert St.
Annapolis, MD 21401 974-2772

Department of Natural Resources

Thomas A. Deming, Counsel
Tawes State Office Building
580 Taylor Ave.
Annapolis, MD 21401 974-2251

Capital Programs

Jodi Rae ODay
2012 Industrial Dr.
Annapolis, MD 21401 974-7947

Maryland Environmental Service

Sean L. Coleman
2020 Industrial Dr.
Annapolis, MD 21401 974-3283