| Name | Title | Contact Details |
|---|---|---|
Dipesh Mehta |
General Counsel and Chief Compliance Officer | Profile |
Act 254 of 1959 placed responsibility for the "sale of securities" under the jurisdiction of the State Bank Department, and provided for a State Securities Commissioner. The Securities Commissioner was to be appointed by the Governor and subject to the supervision of the State Bank Commissioner, and operated as a division of the State Bank Department. Act 38 of 1971 transferred both the State Bank Department and the State Securities Department to the Department of Commerce. Each division continued to function independently of the Commerce Department with regard to the prescribed statutory powers, authorities, duties, and rulemaking responsibilities they had prior to the transfer. Act 471 of 1973 amended Act 254 of 1959 to provide that the Securities Division was no longer a part of the State Bank Department and the Securities Commissioner was no longer subject to the supervision of the State Bank Commissioner. The Act further provided that the Securities Division be renamed the Arkansas Securities Department and that all Acts previously regulated by the Securities Division be transferred to the new agency effective July 1, 1973. In early 1975, it became apparent that the special revenue fund balances transferred to the Department by the Bank Department pursuant to Act 471 of 1973 would not be sufficient to continue operation of the Department at its current level. Act 863 of 1975 amended all Acts administered by the Department to reclassify all revenues received by the Department as general revenues. Thus, effective July 1, 1975, the Department ceased being a special revenue agency and became a general revenue agency with all expenditures paid from the general revenues of the State. Act 691 of 1983 abolished the Department of Commerce. Section 3 of the Act directed that the State Securities Department shall function as an independent agency. The Securities Commissioner is appointed by the Governor and serves at the pleasure of the Governor. Act 659 of 1993 created on the books of the Chief Fiscal Officer of the State and those of the State Treasurer a fund to be known as the "Securities Department Fund." Such fund is to be used for the maintenance, operation, support and improvement of the State Securities Department. Portions of the filing fees collected under the Securities Act are designated as special revenue and deposited into the Securities Department Fund. Currently, the maximum amount of fees deposited into such fund is limited to $2.5 million in each fiscal year. The remainder of the filing fees are deposited into General Revenues. Act 759 of 2003 created the Investor Education Fund. The Investor Education Program is funded from administrative fines assessed under the Securities Act. Fines received in excess of $150,000 are deposited into General Revenues. Pursuant to the Cemetery Act for Perpetually Maintained Cemeteries, as amended, the Securities Commissioner served as a voting member and Secretary of the Cemetery Board. Effective July 1, 2018, the Cemetery Board was merged into a newly created board with the Board of Funeral Directors and Embalmers and the Burial Board. The new board in under the Insurance Department. Pursuant to the Savings and Loan Association Act, Act 227 of 1963, as amended, the Securities Commissioner acts as the Supervisor of savings and loan associations. In 1997, the Savings and Loan Association Act was amended to do away with the Savings and Loan Association Board and transferred the Savings and Loan Associtions Board`s power and authority to the Securities Commissioner.
The Department of the Secretary of State touches the lives of virtually every Maine resident. From safeguarding the original Maine State Constitution and preserving millions of precious historic documents, to conducting state elections and testing motor vehicle operators, the broad array of Department functions is unusual and interesting. In Maine, the Secretary of State oversees one cohesive Department made up of three distinct bureaus: the Maine State Archives, the Bureau of Corporations, Elections and Commissions (CEC), and the Bureau of Motor Vehicles (BMV). As a Constitutional Officer, the Secretary is elected biennially through joint ballot of the Maine State Legislature, and is charged with carrying out the Department`s diverse responsibilities and unique mission. Because customer service and government efficiency are top priorities, the Department is recognized as a leader in the effort to enhance access to information and services through the use of technology. With more than 20 online services already in place, the Department of the Secretary of State is demonstrating the exciting possibilities for making e-Government services available 24 hours a day, 7 days a week. Through a partnership with the Information Resource of Maine (InforME), new online services are being launched on a regular basis. Importantly, the Department takes its responsibilities in the area of elections and civic education very seriously. Through comprehensive initiatives, the Secretary of State`s office conducts a variety of projects designed to strengthen our democracy.
Central Federal Bank is a community-oriented financial institution organized in 1892. It operates two offices in Columbiana County, Ohio, one in Columbus, Ohio, and a temporary office in Fairlawn, Ohio. The Bank plans to occupy a new office building now
The Office of Cannabis Management is a state agency established upon passage of the Marijuana Regulation and Taxation Act to implement a regulatory framework for medical and adult-use cannabis in the state of New York, along with hemp regulations as well.
The Treasury Department is the executive agency responsible for promoting economic prosperity and ensuring the financial security of the United States. The Department is responsible for a wide range of activities such as advising the President on economic and financial issues, encouraging sustainable economic growth, and fostering improved governance in financial institutions. The Department of the Treasury operates and maintains systems that are critical to the nation`s financial infrastructure, such as the production of coin and currency, the disbursement of payments to the American public, revenue collection, and the borrowing of funds necessary to run the federal government. The Department works with other federal agencies, foreign governments, and international financial institutions to encourage global economic growth, raise standards of living, and to the extent possible, predict and prevent economic and financial crises. The Treasury Department also performs a critical and far-reaching role in enhancing national security by implementing economic sanctions against foreign threats to the U.S., identifying and targeting the financial support networks of national security threats, and improving the safeguards of our financial systems.