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Summit Investment Management, Ltd. d/b/a Catholic Investment Strategies Thomas Andrew Carroll Ronald Edmund Chandler – Consent Order – S-23-3687-24-CO01

Case summary

On July 7, 2025, the Washington State Department of Financial Institutions Division of Securities entered a Consent Order (S-23-3687-24-CO01) against Summit Investment Management, Ltd. d/b/a Catholic Investment Strategies Thomas Andrew Carroll Ronald Edmund Chandler .

Order details

Order File: S-23-3687-24-CO01

Laws & Rules: RCW 21.20.040

Penalties/Remedies:

  • Fine of $9,000
  • 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.

Order file

View order file