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STATE OF
OFFICE OF SECURITIES
121 STATE
HOUSE STATION
_______________________________________
IN THE MATTER OF:
)
)
Greycourt & Co., Inc.
)
(CRD #111936) and
) CONSENT
AGREEMENT
Claude Perrier
) No.
04-092-CAG
(CRD #4557418)
)
_______________________________________)
This Agreement is entered into between the State of Maine Office of
Securities (“Office of Securities”), Greycourt &
Co., Inc. (“Greycourt”), an investment adviser firm
with a principal place of business at
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(4),
it is unlawful for an investment adviser exempt from licensing under
§10304(2)(A) to employ or contract with an individual who has a place of
business in this state as a representative of the investment adviser unless the
individual is licensed or unless the investment adviser is otherwise exempt from
licensing under the Revised Maine Securities Act;
3.
The Office of Securities has
reviewed Perrier’s licensing record and has found that he has not held an
investment adviser representative’s license in
4.
It is the Office of Securities’
position that Perrier has acted as an investment adviser representative in
5.
It is the Office of Securities’
position that Greycourt failed to properly license
Perrier as an investment adviser representative in
6.
Greycourt has represented to the Office of
Securities that the violation was an inadvertent oversight and had only recently
come to the firm’s attention; and
7.
All parties desire an expeditious
resolution of this matter.
NOW, THEREFORE, without trial or adjudication of
any issue of fact or law, and without Greycourt or
Perrier admitting or denying that their conduct violated the Revised Maine
Securities Act, it is agreed that:
1.
Greycourt and Perrier 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;
2.
In lieu of the Office of Securities
seeking the imposition of a penalty for the allegations contained herein, Greycourt will pay the sum of $1,500 to the Office of
Securities upon Greycourt’s and Perrier’s execution of
this Agreement; and
3.
The Office of Securities will not
take further action against Greycourt and Perrier
during the period preceding and including the date of execution of this
Agreement, PROVIDED, however, that
this paragraph applies only to the unlicensed activity previously disclosed to
the Office of Securities by Greycourt and
Perrier.
Date
David R. Lovejoy, Managing Director &
COO
Greycourt & Co., Inc.
Date
Claude R. Perrier
Date
Christine A. Bruenn
Securities Administrator
Reviewed by:
Date
Christina V. Breen
Assistant Securities Administrator
Presented by:
May 20,
2004
_____________________________________
Date
Cathy J. Williams
Licensing Coordinator