Skip Maine state header navigation
STATE OF
OFFICE OF
SECURITIES
121 STATE HOUSE STATION
AUGUSTA, ME 04333
IN RE: Commonwealth Church Finance, Inc.
CONSENT AGREEMENT
No. 05-090-CAG
This agreement is entered into between the
State of Maine Office of Securities (“Office of Securities”) and Commonwealth
Church Finance, Inc., (“Commonwealth”) (CRD # 11768) a Georgia corporation with
its principal place of business at 677 Jonesboro Road, McDonough, GA 30253.
WHEREAS, the parties agree as follows:
NOW,
THEREFORE,
without trial or adjudication of any issue of fact or law, and without Commonwealth
admitting or denying that its conduct violated the Revised Maine Securities
Act, it is agreed that:
1.
Commonwealth will comply with all licensing and other legal
requirements governing persons acting as securities broker-dealers in the State
of
2.
In lieu of the Office of Securities seeking the imposition of
a penalty for the allegations contained herein, Commonwealth will pay the sum
of $5,810, to the Office of Securities upon Commonwealth’s execution of this
Agreement; and
3.
The Office of Securities will not take further action
against Commonwealth based upon the firm’s 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 Commonwealth.
August
3, 2005 s/Aaron D. Turner
Date Aaron
D. Turner
President
Commonwealth Church
Finance, Inc.
August 15, 2005 s/Michael J. Colleran
Date Michael
J. Colleran
Securities
Administrator
Reviewed by:
August 15, 2005 s/Bonnie
E. Russell
Date Bonnie
E. Russell
Assistant Securities
Administrator
Presented by:
August 15, 2005 s/Brian H. Dyer
Date Brian
H. Dyer
Investigator/Examiner