Case summary
On March 18, 2025, the Washington State Department of Financial Institutions Division of Securities entered a Consent Order (S-23-3529-25-CO01) against CONST LLC, Dba My Constant.
Order details
Order File: S-23-3529-25-CO01
Laws & Rules: RCW 21.20.140, RCW 21.20.010
Penalties/Remedies:
Cease and Desist
Findings
- CONST LLC offered and/or sold unregistered securities, in the form of interest-bearing products, to 1,430 Washington residents. At the time of service-limitation, Washington investors held $695,689.72 USD and $110,476.56 of stablecoin in interest-bearing accounts.
- CONST LLC failed to disclose material information about the investment, including failing to disclose to investors significant loans made by CONST LLC.