Case summary
On January 29, 2025, the Washington State Department of Financial Institutions Division of Securities entered a Statement of Charges (S-23-3688-25-SC01) against Hollywood Cardroom; Shawn Weintraub.
Order details
Order File: S-23-3688-25-SC01
Laws & Rules: RCW 21.20.010, RCW 21.20.040, RCW 21.20.140
Penalties/Remedies:
- Cease and desist;
- Fines & costs
Allegations
- In 2022, the Respondents sold $990,000 of unregistered LLC membership units to 3 Washington investors.
- The Respondents failed to disclose material information related to the investment, such as the risks of investing and basic information about the company.
- The Respondents sold unregistered investments in Hollywood Cardroom, and Weintraub was not registered to sell investments.
The Respondents have a right to request a hearing on the Statement of Charges.
A Final Order was entered regarding this matter on March 18, 2025.