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STATE
OF
OFFICE
OF SECURITIES
121
STATE HOUSE STATION
________________________________
)
IN THE MATTER OF: )
)
Jepson Financial Advisors, P.A. )
(CRD #123342), Brent K. Jepson ) CONSENT
AGREEMENT
(CRD # 841113) and )
Gordon W. H. Buzza, Jr. ) No. 04-058-CAG
)
________________________________)
This Agreement is entered into by
the State of Maine Office of Securities ("Securities"), Jepson
Financial Advisors, P.A. (“Jepson Financial”), (CRD #123342), a corporation with
a principal place of business at 24 Sweden Street, Caribou, Maine 04736-0306, and Brent K. Jepson (“Jepson”), CRD #841113, and Gordon W. H. Buzza, Jr. (“Buzza”), investment
adviser representatives affiliated with Jepson Financial.
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 Jepson’s and
Buzza’s licensing record and has found that neither Jepson nor Buzza has ever
held an investment adviser representative’s license in
4.
It is Securities’ position that Jepson
and Buzza have acted as an investment adviser representatives 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
Jepson Financial, Jepson or Buzza admitting or denying that their conduct
violated the Revised Maine Securities Act, it is agreed that:
Jepson Financial, Jepson and Buzza
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, Jepson Financial,
Jepson and Buzza will pay the sum of $3,000.00 to Securities upon Jepson
Financial’s, Jepson’s and Buzza’s execution of this Agreement; and
Securities will not take further
action against Jepson Financial, Jepson or Buzza based upon the unlicensed
status of Jepson or Buzza during the period preceding and including the date of
execution of the Agreement.
Jepson
Financial Advisors, P.A.
By:
December 30,
2003 /s/
Brent K. Jepson
Date Signature
Brent
K. Jepson
(printed
name)
Its
President
December 30,
2003 /s/
Brent K. Jepson
Date Brent
K. Jepson
Date Gordon,
W. H. Buzza, Jr.
January 5,
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