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STATE
OF
OFFICE
OF SECURITIES
121
STATE HOUSE STATION
________________________________
)
IN THE MATTER OF: )
)
Harbor Investment Advisors )
(CRD #118480) and ) CONSENT AGREEMENT
Thomas J. Repeta )
(CRD #2363309) )
No. 04-052-CAG
)
________________________________)
This Agreement is entered into by
the State of Maine Office of Securities ("Securities"), Harbor
Investment Advisors, CRD #118480, a Corporation 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 Revised Maine Securities Act to employ or contract with an individual as a
representative of the investment adviser in Maine unless the individual is
licensed;
3.
Securities has reviewed Mr. Repeta’s
licensing record and has found that Mr. Repeta has not held an investment
Adviser representative’s license in Maine from September 2002 to the present,
during which time investment adviser representatives have been required to be
licensed in Maine.
4.
It is Securities’ position that Mr. Repeta
has acted as an investment adviser representative in Maine without being licensed
or exempt from licensing; and
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
Harbor Investment Advisors and Mr. Repeta admitting or denying that their
conduct violated the Revised Maine Securities Act, it is agreed that:
Harbor Investment Advisors and Mr. Repeta
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;
In lieu of Securities seeking the
imposition of a penalty for the allegations contained herein, Harbor Investment
Advisors and Mr. Repeta will pay the sum of $1,500.00 to Securities upon Harbor
Investment Advisors and Mr. Repeta’s execution of this Agreement; and
Securities will not take further
action against Harbor Investment Advisors and Mr. Repeta based upon the
unlicensed status of Mr. Repeta during the period preceding and including the
date of execution of the Agreement.
Harbor
Investment Advisors
By:
December 24,
2003 /s/ Thomas
J. Repeta
Date Signature
Thomas
J. Repeta
(printed
name)
Its
President
December 24,
2003 /s/ Thomas
J. Repeta
Date Thomas
J. Repeta
January 4,
2004 /s/
Christine A. Bruenn
Date Christine
A. Bruenn
Securities
Administrator
Reviewed by:
January 6,
2004 /s/ Christina V.
Breen
Date Christina
V. Breen
Assistant
Securities Administrator
Submitted by:
January 5,
2004 /s/ Christian D. Van
Dyck
Date Christian
D. Van Dyck
Investigator/Examiner