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Hollywood Cardroom; Shawn Weintraub – Statement of Charges – S-23-3688-25-SC01

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.  

Order file

View order file