N.M. Stat. § 58-13C-609
Judicial review.
A. A final order issued by the director pursuant to the New Mexico Uniform
Securities Act is subject to judicial review in accordance with the provisions of Section
39-3-1.1 NMSA 1978.
B. The filing of an appeal pursuant to Subsection A of this section does not, unless
specifically ordered by the court, operate as a stay of the director's order or rule, and the
director may enforce or ask the court to enforce the order pending the outcome of the
review proceedings.