Case summary
On October 22, 2025, the Washington State Department of Financial Institutions Division of Securities entered a Final Order (S-25-3952-25-FO01) against Xue Feng Construction Inc.; Xuefeng Jiang.
Order details
Order File: S-25-3952-25-FO01
Laws & Rules: RCW 21.30.060
Penalties/Remedies:
- Cease and Desist
- Fines
Findings
- The Securities Division entered a Statement of Charges against Xue Feng Construction Inc. and its owner Xuefeng Jiang (“Respondents”) on August 29, 2025.
- The Statement of Charges alleged that the Respondents had received a wire transfer from a Washington resident who believed that he was paying taxes on profits from foreign exchange currency trading. In reality, the platform the Washington resident was using was fraudulent, with no actual trading activity. The Respondents failed to respond to a subpoena for information relevant to this transfer.
- The Statement of Charges informed the Respondents that they had 20 days from the date of service of the Statement of Charges to request a hearing. The Respondents did not request a hearing.
- The Final Order requires the Respondents to cease and desist from violating the antifraud section of the Commodity Transactions Act, and to pay a fine of $10,000.