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STATE
OF
OFFICE
OF SECURITIES
121
STATE HOUSE STATION
________________________________
)
IN THE MATTER OF: )
)
Raymond James Financial Services, Inc. )
and Nina Lee J. Mendall )
) CONSENT AGREEMENT
)
) No. 05-062-CAG
________________________________)
This Agreement is entered into by
the State of Maine Office of Securities (the “Office"), Raymond James
Financial Services, Inc. (“Raymond James”), an investment adviser with a
principal place of business at
WHEREAS,
the parties agree as follows:
1.
Pursuant to 32 M.R.S.A. § 10303(1), a
person may not act in
2.
Pursuant to 32 M.R.S.A. § 10303(3),
it is unlawful for an investment adviser licensed or required to be licensed
under the Act to employ or contract with an individual as a representative of
the investment adviser in Maine unless the individual is licensed;
3.
The Office has reviewed the licensing
records of Mendall and has found that she has never held an investment adviser
representative license in
4.
It is the Office’s position that Mendall has acted as investment adviser
representative in
5.
All parties desire an expeditious
resolution of this matter.
NOW, THEREFORE, without trial or adjudication of any issue of fact or law, and without
Raymond James or Mendall admitting or denying that their conduct violated the
Act, it is agreed that:
1. Raymond James and Mendall will comply with
all licensing and other legal requirements governing persons acting as
investment advisers and investment adviser representatives in the State of
Maine at all times from the date hereof;
2. In lieu of the Office seeking the imposition
of a penalty for the allegations contained herein, Raymond James and Mendall
will pay the sum of $1,500.00 to the Office upon their execution of this
Agreement; and
3. The Office will not take further action
against Raymond James and Mendall based solely upon the unlicensed status of
the individual respondent during the
period preceding and including the date of execution of this Agreement.
Raymond
James Financial Services, Inc.
By:
6/6/05 /s/
Micheal E. Pearson
Date
Its
Chief Compliance Officer
5/23/05 /s/
Nina Lee Mendall
Date Nina
Lee J. Mendall
6/14/05 /s/ Christine A. Bruenn
Date Christine
A. Bruenn
Securities
Administrator
Reviewed by:
6/14/05 /s/
Michael W. Atleson
Date Michael
W. Atleson
Staff
Attorney
Submitted by:
6/14/05 /s/ Christian D. Van Dyck
Date Christian
D. Van Dyck
Investigator/Examiner