Case summary
On May 7, 2025, the Washington State Department of Financial Institutions Division of Securities entered a Consent Order (S-24-3828-24-CO02) against Investment Design Management, LLC, Maximillian Morgan.
Order details
Order File: S-24-3828-24-CO02
Laws & Rules: RCW 21.20.040
Penalties/Remedies:
- Fine: $10,000
- Disgorgement: $39,872.12
- Investigative costs: $1,000
- Cease and desist
Findings
- Between October 27, 2022, and April 23, 2023, and also from August 18, 2023 to the present, the Respondents provided investment advice and collected advisory fees, without proper registration as an investment adviser and investment adviser representative in Washington State.
This partly resolves a previous Statement of Charges, S-24-3828-24-SC01.