Case summary
On February 26, 2025, the Washington State Department of Financial Institutions Division of Securities entered a Statement of Charges (S-22-3468-25-SC01) against Obvious Clothing LLC; Obvious Clothing Inc.; Todd Kimball.
Order details
Order File: S-22-3468-25-SC01
Laws & Rules: RCW 21.20.010, RCW 21.20.040, RCW 21.20.140
Penalties/Remedies:
- Cease and desist;
- Fines & costs
Allegations
- Between 2010 and 2021, the Respondents sold over $3.5 million in company interests/membership interests/units in Obvious Clothing LLC and Obvious Clothing, Inc. to at least twenty-three investors.
- The Respondents made untrue and misleading statements of material fact to investors about the investment.
- The Respondents sold unregistered investments in Obvious Clothing LLC and Obvious Clothing, Inc., while not being registered to sell investments.
A Final Order was entered regarding this matter on March 21, 2025.