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STATE OF
OFFICE OF SECURITIES
121 STATE HOUSE STATION
_______________________________________
)
IN THE MATTER OF: )
)
Tradex Brokerage Service, Inc. ) CONSENT AGREEMENT
_______________________________________)
This Agreement is entered into
between the State of Maine Office of Securities (“Office of Securities”) and Tradex
Brokerage Service, Inc. (“Tradex”), 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.
On
3.
On
4.
On
5.
By
letter dated
6.
On
7.
By
letter dated
8.
On
9.
On
10. By letter dated
11. By letters dated
12. It is the Office of Securities’
position that Tradex has acted as a broker-dealer in
13. Tradex has represented to the Office
of Securities that the violations were inadvertent oversights.
14. Both parties desire an expeditious
resolution of this matter.
NOW, THEREFORE, without trial or adjudication of
any issue of fact or law, and without Tradex admitting or denying that its
conduct violated the Revised Maine Securities Act, it is agreed that:
1.
Tradex
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, Tradex will pay the sum of $3,756.91 to the Office
of Securities upon Tradex’s execution of this Agreement; and
3.
The
Office of Securities will not take further action against Tradex, 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 Tradex.
Date William
F.X. Morton, President
Tradex
Brokerage Service, Inc.
Date Christine
A. Bruenn
Securities
Administrator
Reviewed by:
Date Bonnie
E. Russell
Assistant
Securities Administrator
Presented by:
Date Cathy
J. Williams
Licensing
Coordinator