Case summary
On January 22, 2025, the Washington State Department of Financial Institutions Division of Securities entered a Statement of Charges (S-23-3529-25-SC01) against CONST LLC Dba My Constant.
Order details
Order File: S-23-3529-25-SC01
Laws & Rules: RCW 21.20.140, RCW 21.20.010
Penalties/Remedies:
- Fine: $50,000
- Investigative costs: $7,500
- Cease and desist
Allegations
- CONST LLC offered and/or sold unregistered securities, in the form of interest-bearing products, to 1,430 Washington residents. At the time of service-limitation, Washington investors held $695,689.72 USD and $110,476.56 of stablecoin in interest-bearing accounts.
- CONST LLC failed to disclose material information about the investment, including failing to disclose to investors significant loans made by CONST LLC.
The Respondents have a right to request a hearing on the Statement of Charges.