Case summary
On July 30, 2025, the Washington State Department of Financial Institutions Division of Securities entered a Consent Order (S-21-3226-25-CO01) against Wan Kim.
Order details
Order File: S-21-3226-25-CO01
Laws & Rules: RCW 21.20.010
Penalties/Remedies:
- Cease and desist;
- Fine of $10,000 fine;
- Investigative costs of $5,000
Findings
- From approximately 2016 to 2022, Water Station offered and sold unregistered securities in the form of a water vending machine purchase coupled with a service contract.
- Wan Kim, during the sale of these investments, failed to disclose material information related to the investments.
The Respondent waived his right to a hearing and to judicial review of the matter.