Skip Maine state header navigation
STATE OF
OFFICE OF SECURITIES
121 STATE HOUSE STATION
________________________________
)
IN THE MATTER OF: )
)
Waters, Parkerson
& Co., Inc. ) CONSENT AGREEMENT
Suite 512 ) No. 02-043-CAG
________________________________)
This Agreement is entered into between
the State of Maine Office of Securities ("Office of Securities") and
Waters, Parkerson & Co., Inc. (" Waters, Parkerson
& Co.”), a broker-dealer located in
WHEREAS,
the parties agree as follows:
1. At all relevant times, it has been unlawful
in Maine for a person to act as a broker-dealer unless licensed or exempt from
licensing under the Revised Maine Securities Act, Title 32 Maine Revised Statutes
Annotated §10101 et seq.
2.
Waters, Parkerson &
Co. filed an application with the Office of Securities for licensing as a broker-dealer
on
3.
On
4.
On
5.
It is the Office of Securities' position
that Waters, Parkerson & Co. has acted as a broker-dealer
in
6.
Waters, Parkerson
& Co. has represented to the Office of Securities that the violations occurred
as a result of the two
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 Waters, Parkerson & Co. admitting or denying
that its conduct violated the Revised Maine Securities Act, it is agreed that:
1. Waters, Parkerson
& Co. 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, Waters, Parkerson
& Co. will pay the sum of $3200 to the Office of Securities upon Waters, Parkerson
& Co.'s execution of this Agreement; and
3. The Office of Securities will not take
further action against Waters, Parkerson & Co. 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 Waters, Parkerson &
Co.
_____________________ ______________________________
Date
Christine A. Bruenn
Securities Administrator
____________________ ______________________________
Date
Stephen J. Casamento
Vice President
Waters, Parkerson & Co., Inc.