Defendant Name:
Washington Wealth Management, LLC
Defendant Type:
Subsidiary of Public Company
Document Reference:
ia-4455-s
Document Details
Legal Case Name
In the Matter of Washington Wealth Management, LLC
Document Name
SEC Charges Investment Advisers for Failing to Disclose Conflicts of Interest Arising from Receipt of Forgivable Loans
Document Date
18-Jul-2016
Document Format
Administrative Proceeding
Allegation Type
Investment Advisers/Investment Companies
Document Summary
On July 18, 2016, the SEC published an administrative summary release announcing that it filed a settled complaint against Washington Wealth Management, LLC, for violations of Sections 206(2) and 207 of the Advisers Act. According to SEC, the company failed "to disclose receipt of revenue from a third-party broker-dealer", which resulted in a conflict of interest.
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured