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.