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STATE OF
OFFICE OF
SECURITIES
121 STATE HOUSE STATION
AUGUSTA, ME 04333
IN RE: Northern Capital Securities Corporation
CONSENT AGREEMENT
No. 05-063 - CAG
This agreement is entered into between the
State of Maine Office of Securities (“Office of Securities”) and Northern Capital
Securities Corporation (“Northern Capital”) (CRD # 40659) a broker-dealer with
its principal place of business in Andover, Massachusetts.
WHEREAS, the parties agree as follows:
NOW, THEREFORE, without trial or adjudication of any issue of fact
or law, and without Northern Capital admitting or denying that its conduct
violated the Revised Maine Securities Act, it is agreed that:
1.
Northern Capital is CENSURED pursuant to 32 M.R.S.A. §§
10602 (1) (B) and 10313 (1) for employing an unlicensed sales representative in
2.
Northern Capital will comply with all licensing and other
legal requirements governing persons acting as securities broker-dealers and
sales representatives in Maine at all times from the date hereof; and
3.
In lieu of the Office of Securities seeking the imposition
of a penalty for the allegations contained herein, Northern Capital will pay
the sum of $9,000 to the Office of Securities upon Northern Capital’s execution
of this agreement.
July
5, 2005 s/David G. Oldaker
Date David
G. Oldaker
President
Northern
Capital Securities Corporation
July 7, 2005 s/Christine
A. Bruenn
Date Christine
A. Bruenn
Securities
Administrator
Reviewed by:
July 7, 2005 s/Bonnie
E. Russell
Date Bonnie
E. Russell
Assistant
Securities Administrator
Presented by:
July 7, 2005 s/Willis
P. Smedberg
Date Willis
P. Smedberg
Investigator/Examiner