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STATE OF
OFFICE OF SECURITIES
121 STATE
HOUSE STATION
_______________________________________
IN THE MATTER OF:
)
)
Merrion Group, LLC ) CONSENT
AGREEMENT
(CRD #30145)
) No. 05-069-CAG
_______________________________________)
This Agreement is entered into between the State of
WHEREAS, the parties agree as follows:
1.
At
all relevant times, it has been unlawful in
2.
Merrion Group was previously licensed in
3.
Merrion Group filed an application for relicensure
as a broker-dealer with the Office of Securities on January 18, 2005.
4.
In
response to inquiries from the Office of Securities regarding additional information
in connection with the firm’s pending broker-dealer application, Merrion Group informed the Office of Securities that it had
effected at least one hundred one (101) transactions for the accounts of two
5.
It
is the Office of Securities’ position that Merrion Group
has acted as a broker-dealer in
6.
Merrion Group has represented to the Office of Securities that the
violations were inadvertent oversights.
7.
Both
parties desire an expeditious resolution of this matter.
NOW, THEREFORE, without trial or adjudication of
any issue of fact or law, and without Merrion Group
admitting or denying that its conduct violated the Revised Maine Securities Act,
it is agreed that:
1.
Merrion Group will comply with all licensing and other legal requirements
governing persons acting as securities broker-dealers in the State of Maine at
all times from the date hereof;
2.
In
lieu of the Office of Securities seeking the imposition of a penalty for the allegations
contained herein, Merrion Group will pay the sum of
$7,053.00 to the Office of Securities upon Merrion Group’s
execution of this Agreement as restitution to the Maine consumers; and
3.
The
Office of Securities will not take further action against Merrion
Group, based upon its unlicensed status during the period preceding and including
the date of execution of this Agreement, PROVIDED, however, that this paragraph applies only to those transactions
previously disclosed to the Office of Securities by Merrion Group.
August
9, 2005
s/William B. Wigton, President
Date
William B. Wigton, President
Merrion Group, LLC
August
15, 2005
s/Michael J. Colleran
Date
Michael J. Colleran
Securities Administrator
Reviewed by:
August
15, 2005
s/Bonnie E. Russell
Date
Bonnie E. Russell
Assistant Securities Administrator
Presented by:
August
15, 2005
s/Cathy J. Williams
Date
Cathy J. Williams
Licensing Coordinator