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                                                              STATE OF MAINE

                                                        OFFICE OF SECURITIES

                                                    121 STATE HOUSE STATION

                                                       AUGUSTA, MAINE 04333

 

________________________________

                                                                        )

IN THE MATTER OF:                                   )

                                                                        )

Roger F. Woodman Jr. & Co.                      )

(CRD #119778) and                                     )                       CONSENT AGREEMENT

Roger F. Woodman Jr.                                 )

(CRD #4527885)                                          )                              No. 04-053-CAG

                                                                        )

________________________________)

 

 

 

            This Agreement is entered into by the State of Maine Office of Securities ("Securities"), Roger F. Woodman Jr. & Co. (“The Woodman Company”), CRD #119778, an investment adviser company with a principal place of business at 144 Vaughan Street, Portland, Maine 04102, and Roger F. Woodman Jr. (“Woodman”), CRD# 4527885, an investment adviser representative affiliated with The Woodman Company.

 

 

            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 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 Woodman’s licensing record and has found that Woodman has never held an investment adviser representative’s license in Maine;

 

4.                  It is Securities’ position that Woodman has acted as an investment adviser representative in Maine without being licensed or exempt from licensing; and

 

 

5.                  All parties desire an expeditious resolution of this matter.

 

 

NOW THEREFORE, without trial or adjudication of any issue of fact or law, and without Woodman or The Woodman Company admitting or denying that their conduct violated the Revised Maine Securities Act, it is agreed that:

 

            Woodman and The Woodman Company 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, Woodman and The Woodman Company will pay the sum of $1,500.00 to Securities upon Woodman’s and The Woodman Company’s execution of this Agreement; and

 

            Securities will not take further action against Woodman and The Woodman Company based upon the unlicensed status of Woodman during the period preceding and including the date of execution of the Agreement.

 

 

                                                                        Roger F. Woodman Jr. & Co.

                                                                        By:

                                   

December 22, 2003                                     /s/ Roger F. Woodman, Jr.

Date                                                                Signature

 

                                                                        Roger F. Woodman, Jr.

(printed name)

 

                                                                        Its President

 

 

December 22, 2003                                     /s/ Roger F. Woodman, Jr.

Date                                                                Roger F. Woodman

 

 

December 24, 2003                                     Christine A. Bruenn

Date                                                                Christine A. Bruenn

                                                                        Securities Administrator


Reviewed by:

 

January 6, 2004                                            Christina V. Breen

Date                                                                Christina V. Breen

                                                                        Assistant Securities Administrator

 

Submitted by:

 

December 24, 2003                                    Christian D. Van Dyck

Date                                                                Christian D. Van Dyck

                                                                        Investigator/Examiner