Case summary
On May 6, 2025, the Washington State Department of Financial Institutions Division of Securities entered a Consent Order (S-23-3686-24-CO01) against TWM Wealth Management Corp d/b/a Taylor Wealth Management Louis Charles Taylor Jeffrey Mitchell Press.
Order details
Order File: S-23-3686-24-CO01
Laws & Rules: RCW 21.20.040
Penalties/Remedies:
- Fine of $7,500 to TWM & Taylor
- Fine of $2,500 to Press
- Disgorgement of fees
- Investigative costs: $1,500
- 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.