Case summary
On March 25, 2025, the Washington State Department of Financial Institutions Division of Securities entered a Consent Order (S-25-3899-25-CO01) against Xinxu (Shanghai) Information Technology Service Co. Ltd., d/b/a YGF Group.
Order details
Order File: S-25-3899-25-CO01
Laws & Rules: RCW 19.100.020, RCW 19.100.080
Penalties/Remedies:
- Investigative costs: $3,000
- Cease and desist
Findings
- Xinxu (Shanghai) Information Technology Service Co., Ltd. d/b/a YGF Group (YGF Group) offered and sold unregistered franchises to residents of Washington.
- YGF Group failed to provide franchisees with a Franchise Disclosure Document (FDD) prior to the sale of the franchises.