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Pacific Coast Investment Advisors, LLC, Ryan Joseph Murphy – Consent Order – S-23-3677-24-CO01

Case summary

On May 28, 2025, the Washington State Department of Financial Institutions Division of Securities entered a Consent Order (S-23-3677-24-CO01) against Pacific Coast Investment Advisors, LLC, Ryan Joseph Murphy.

Order details

Order File: S-23-3677-24-CO01

Laws & Rules: RCW 21.20.040

Penalties/Remedies:

  • Fine of $15,000 to Pacific Coast & Murphy
  • Disgorgement of fees
  • Investigative costs: $1,000
  • Cease and desist

Findings

  • Respondents exceeded the de minimis clientele allowed under Washington law.
  • Respondents acted as an investment adviser while not registered or exempt from registration under Washington law.

Order file

View order file