Skip Maine state header navigation

Agencies | Online Services | Help

                                                              STATE OF MAINE

                                                        OFFICE OF SECURITIES

                                                    121 STATE HOUSE STATION

                                                       AUGUSTA, MAINE 04333

 

________________________________

                                                                        )

IN THE MATTER OF:                                   )

                                                                        )

Jaguar Capital Management, Inc.               )

(CRD #123156) and                                     )                       CONSENT AGREEMENT  

Jeffrey Alan Grossman                                 )

(CRD #2017925)                                          )                              No. 04-075-CAG

                                                                        )

________________________________)

 

This Agreement is entered into by the State of Maine Office of Securities ("Securities"), Jaguar Capital Management, Inc. (“Jaguar”) (CRD #123156), an investment adviser company with a principal place of business at 5 James Henry Lane, Westbrook, Maine, 04092, and Jeffrey Alan Grossman (“Grossman”), (CRD #2017925), an investment adviser representative affiliated with Jaguar.

 

 

            WHEREAS, the parties agree as follows:

 

1.                  Pursuant to 32 M.R.S.A. § 10303(1), a person may not act in Maine as an investment adviser or an investment adviser representative unless licensed or exempt from licensing under the Revised Maine Securities Act;

 

2.                  Pursuant to 32 M.R.S.A. § 10303(3) it is unlawful for an investment adviser licensed or required to be licensed under the Revised Maine Securities Act to employ or contract with an individual as a representative of the investment adviser in Maine unless the individual is licensed;

 

3.                  Securities has reviewed Jaguar’s and Grossman’s licensing records and has found that they have not held an investment adviser representative’s license in Maine from January 2003 to the present, during which time both investment advisers and investment adviser representatives have been required to be licensed in Maine.

 

4.                  It is Securities’ position that Jaguar and Grossman have acted as  investment adviser and investment adviser representative, respectively, in Maine without being licensed or exempt from licensing;

 

5.                  It is Securities’ position that Jaguar has employed Grossman as an investment adviser representative of Jaguar during which time Grossman has not been licensed as an investment adviser representative;

 

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 Jaguar and Grossman admitting or denying that their conduct violated the Revised Maine Securities Act, it is agreed that:

 

            Jaguar and Grossman 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;

 

            In lieu of Securities seeking the imposition of a penalty for the allegations contained herein, Jaguar and Grossman shall pay the sum of $1,500.00 to Securities upon Jaguar’s and Grossman’s execution of this Agreement; and

 

            Securities will not take further action against Jaguar and Grossman

based upon the unlicensed status of Jaguar and Grossman during the period preceding and including the date of execution of the Agreement.

 

 

                                                                       

                                                                        By:

                                   

March 5  , 2004                                            /s/ Jeffrey Alan Grossman

Date                                                                Signature

 

Jaguar Capital Management, Inc.

(printed name of company)

 

                                                                        Its President

 

March 5, 2004                                               /s/ Jeffrey Alan Grossman

Date                                                                Jeffrey Alan Grossman

 

 

March 16, 2004                                            /s/ Christine A. Bruenn

Date                                                                Christine A. Bruenn

                                                                        Securities Administrator


Reviewed by:

 

March 9, 2004                                              /s/ Christina V. Breen

Date                                                                Christina V. Breen

                                                                        Assistant Securities Administrator

 

Submitted by:

 

March 9, 2004                                              /s/ Christian D. Van Dyck

Date                                                                Christian D. Van Dyck

                                                                        Investigator/Examiner