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E.L.M. Investments Inc. 1erotrader 2.0 LLC Edgar Cruz – Statement of Charges – S-22-3461-24-SC01

Case summary

On July 24, 2025, the Washington State Department of Financial Institutions Division of Securities entered a Statement of Charges (S-22-3461-24-SC01) against E.L.M. Investments Inc. 1erotrader 2.0 LLC Edgar Cruz.

Order details

Order File: S-22-3461-24-SC01

Laws & Rules: RCW 21.20.010, RCW 21.20.040, RCW 21.20.140

Penalties/Remedies:

Intent to order:

  • Cease and desist;
  • Fines & costs

Allegations

  • Between 2019 and 2025, the Respondents raised more than $1.7 million through the sale of investments to more than 30 investors in Washington and other states.
  • The Respondents failed to disclose material information related to the investment, such as the risks of investing and basic information about the company.
  • The Respondents sold unregistered investments and Cruz was not registered to sell investments.

The Respondents have a right to request a hearing on the Statement of Charges.  

Order file

View order file