Case summary
On November 25, 2025, the Washington State Department of Financial Institutions Division of Securities entered a Consent Order (S-25-3971-25-CO01) against 8 Knot Capital LLC, Evan Stewart Turner.
Order details
Order File: S-25-3971-25-CO01
Laws & Rules: WAC 460-24A-107, WAC 460-24A-205, WAC 460-24A-145, WAC 460-24A-105, WAC 460-24A-220
Penalties/Remedies:
- Fine: $30,000
- Investigative costs: $2,031.25
- Cease and desist
Findings
8 Knot failed to timely obtain and deliver audited 2023 financial statements to investors, failed to disclose a material legal event, and failed to provide investors with quarterly fund statements. As 8 Knot’s CCO and sole IAR, Turner failed to meet his fiduciary duty to investors by not completing and delivering a 2023 audited financial statement, by not disclosing a material legal event to investors and by not providing investors with quarterly fund statements.