FLORIDA OFFICE OF FINANCIAL REGULATION

FAILURE TO DISCLOSE, VIOLATION OF REGISTRATION AGREEMENT AND FAILURE TO AMEND FORM U-4

Stipulation and Consent

Cease and Desist

Civil and Administrative Penalty(ies)/Fine(s)

$2,500.00

ASSOCIATED PERSON REQUIRED TO BE PLACE ON HEIGHTENED SUPERVISION WITH EMPLOYING BROKER DEALER AND INVESTMENT ADVISER

ON 4/19/2010, THE OFFICE OF FINANCIAL REGULATION ENTERED A FINAL ORDER ADOPTING THE STIPULATION AND CONSENT AGREEMENT IN THE MATTER OF TIMOTHY PATRICK GARRETTSON. MR. GARRETTSON NEITHER ADMITTED NOR DENIED THE FINDINGS BUT CONSENTED TO THE ENTRY OF FINDINGS BY THE OFFICE. THE OFFICE FOUND THAT MR. GARRETTSON FAILED TO DISCLOSE AND AMEND HIS FORM U-4 TO REFLECT NOVEMBER 2007 FINAL ORDER ADOPTING A STIPULATION AND CONSENT AGREEMENT ENTERED INTO BETWEEN MR. GARRETTSON AND THE OFFICE; AND HE VIOLATED THE TERMS OF HIS NOVEMBER 2007 REGISTRATION AGREEMENT. MR. GARRETTSON AGREED TO CEASE AND DESIST FROM ANY AND ALL VIOLATIONS OF CHAPTER 517, F.S. AND TO PAY AN ADMINISTRATIVE FINE OF $2,500. THE OFFICE AGREED TO REGISTERED MR. GARRETTSON AS AN ASSOCIATED PERSON AND INVESTMENT ADVISOR OF MOORS AND CABOT, IN. PURSUANT TO A REGISTRATION AGREEMENT, EFFECTIVE 4/19/2010. ADDITIONAL DISCLOSURE FOCUSED SOLELY ON SPECIAL SUPERVISION THAT IS CONSIDERED NULL AND VOID AND WAS NO LONGER IN FORCE OR EFFECT AT THE TIME OF CHANGING FIRMS.

FLORIDA OFFICE OF FINANCIAL REGULATION

MADE MATERIAL FALSE STATEMENTS IN APPLICATION FOR REGISTRATION

Stipulation and Consent

Cease and Desist

Civil and Administrative Penalty(ies)/Fine(s)

$500.00

ASSOCIATED PERSON REQUIRED TO BE PLACE ON HEIGHTENED SUPERVISION WITH EMPLOYING BROKER DEALER AND INVESTMENT ADVISER

ON 11/28/2007, THE OFFICE OF FINANCIAL REGULATION ENTERED A FINAL ORDER ADOPTING THE STIPULATION AND CONSENT AGREEMENT IN THE MATTER OF TIMOTHY PATRICK GARRETTSON. MR. GARRETTSON NEITHER ADMITTED NOR DENIED THE FINDINGS BUT CONSENTED TO THE ENTRY OF FINDINGS BY THE OFFICE. THE OFFICE FOUND THAT MR. GARRETTSON MADE A MATERIAL FALSE STATEMENT IN HIS APPLICATION FOR REGISTRATION AS A BROKER DEALER AGENT AND REGISTERED AGENT OF AN INVESTMENT ADVISOR IN SEPTEMBER 2004 AND HAS BEEN THE SUBJECT OF AN ADVERSE ADMINISTRATIVE ORDER BY A STATE INSURANCE AGENCY. MR. GARRETTSON AGREED TO CEASE AND DESIST FROM ANY AND ALL VIOLATIONS OF CHAPTER 517, F.S. AND TO PAY AN ADMINISTRATIVE FINE OF $500. THE OFFICE AGREED TO APPROVE MR. GARRETTSON'S APPLICATIONS FOR REGISTRATION WITH MERRILL LYNCH, PIERCE, FENNER & SMITH, INC. AS BOTH A BROKER DEALER AGENT AND A REGISTERED AGENT OF AN INVESTMENT ADVISOR, PURSUANT TO A HEIGHTENED SUPERVISION AGREEMENT, EFFECTIVE 11/28/2007. ADDITIONAL DISCLOSURE FOCUSED SOLELY ON SPECIAL SUPERVISION THAT IS CONSIDERED NULL AND VOID AND WAS NO LONGER IN FORCE OR EFFECT AT THE TIME OF CHANGING FIRMS.