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STATE OF
OFFICE OF SECURITIES
121 STATE HOUSE STATION
________________________________________
IN THE MATTER OF: )
) CONSENT AGREEMENT
Petersen Investments, Inc. ) No. 06-050-CAG
________________________________________)
This Agreement is entered into by the
State of Maine Office of Securities (the "Office") and Petersen
Investments, Inc. (“Petersen”), CRD# 38537, a broker-dealer with its principal
place of business 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, 32 M.R.S.A. §§10301 and 10302.
2.
Petersen
made application for licensure as broker-dealer in the State of
3.
In
response to inquiries from the Office, Petersen informed the Office in January
of 2006 that it had one
4.
Petersen
was not licensed as a broker-dealer in
5.
Petersen
has represented to the Office that it has always followed procedures to prevent
accounts from being opened for residents of states in which the firm is not
licensed and that it was not the firm’s intention to violate the Maine Revised
Securities Act.
6.
All parties desire an expeditious resolution of this
matter.
NOW THEREFORE, without trial
or adjudication of any issue of fact or law, and without Petersen admitting or
denying that its conduct violated the Revised Maine Securities Act, it is
agreed that:
1.
Petersen 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 seeking the imposition of a penalty
for the allegations contained herein, Petersen will pay the sum of $3,000 to
the Office upon Petersen’s execution of this Agreement; and
3.
The Office will not take further action against Petersen
based solely upon its unlicensed status during the period preceding and
including the date of execution of the Agreement, PROVIDED, however, that this paragraph applies only to the
transactions previously disclosed to the Office by Petersen.
February 9, 2006 s/Christa P. Riley, Owner
Date Christa
P. Riley, Owner
Petersen
Investments, Inc.
February
14, 2006 s/Michael
J. Colleran
Date Michael
J. Colleran
Securities
Administrator
Reviewed by:
February
10, 2006 s/Bonnie
E. Russell
Date Bonnie
E. Russell
Assistant
Securities Administrator
Presented by:
February
10, 2006 s/Cathy
J. Williams
Date Cathy
J. Williams
Licensing
Coordinator