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TPTEA USA Inc. – Statement of Charges – S-24-3712-24-SC01

Case summary

On April 25, 2025, the Washington State Department of Financial Institutions Division of Securities entered a Statement of Charges (S-24-3712-24-SC01) against TPTEA USA Inc..

Order details

Order File: S-24-3712-24-SC01

Laws & Rules: RCW 19.100.010, RCW 19.100.020, RCW 19.100.170

Penalties/Remedies:

Intent to order: Cease and desist

Allegations

  • In 2020, the Respondent sold an unregistered and non-exempt franchise for a tea store to a Washington resident.
  • The Respondent failed to disclose material information related to the franchise offering, such as the 2017 sale of a California based franchise in violation of state franchise laws. 

Order file

View order file