Case summary
On March 21, 2025, the Washington State Department of Financial Institutions Division of Securities entered a Final Order (S-22-3468-25-FO01) against Obvious Clothing Inc., Obvious Clothing LLC, Todd Kimball.
Order details
Order File: S-22-3468-25-FO01
Laws & Rules: RCW 21.20.010, RCW 21.20.040, RCW 21.20.140
Penalties/Remedies:
- Fine: $60,000
- Investigative Costs: $10,000
- Cease and Desist
Findings
- Between 2008 and 2021, Respondents raised over $3.7 million from at least twenty-three investors.
- The Respondents sold unregistered investments in a clothing business and were not registered to sell investments.
- The Respondents made multiple material misrepresentations to investors, including misrepresenting the profitability of the business, and misused investor funds.