Case summary
On January 15, 2025, the Washington State Department of Financial Institutions Division of Securities entered a Statement of Charges (S-24-3828-24-SC01) against Investment Design Management, LLC; Maximillian Morgan; Justin Sumner.
Order details
Order File: S-24-3828-24-SC01
Laws & Rules: RCW 21.20.040
Penalties/Remedies:
Intent to order: Cease and desist; Disgorge; Fines & costs
Allegations
- 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.
The Respondents have a right to request a hearing on the Statement of Charges.