Prestige Investment Management LLC - Statement of Charges
Summary
The Washington State Department of Financial Institutions Division of Securities has filed a Statement of Charges against Prestige Investment Management LLC for offering an unregistered investment and operating without proper registration. The action includes potential fines and costs.
What changed
The Washington State Department of Financial Institutions Division of Securities has issued a Statement of Charges (S-23-3688-25-SC01) against Prestige Investment Management LLC. The charges allege that in 2014, the respondent offered and sold an unregistered investment, specifically a Deferred Sales Trust transaction, to a Washington resident. Furthermore, the respondent is not registered to sell securities in Washington.
This enforcement action seeks remedies including a cease and desist order, fines, and costs. Prestige Investment Management LLC has the right to request a hearing on these charges. Regulated entities should review their registration status and offerings to ensure compliance with Washington state securities laws, particularly RCW 21.20.140, to avoid similar allegations and potential penalties.
What to do next
- Review registration status with WA DFI
- Verify all investment offerings are registered or exempt in Washington
- Consult legal counsel regarding the Statement of Charges if applicable
Penalties
Cease and desist; Fines & costs
Source document (simplified)
Prestige Investment Management LLC – Statement of Charges – S-23-3688-25-SC01
Case summary
On February 26, 2026, the Washington State Department of Financial Institutions Division of Securities entered a Statement of Charges (S-23-3688-25-SC01) against Prestige Investment Management LLC.
Order details
Order File: S-23-3688-25-SC01
Laws & Rules: RCW 21.20.140
Penalties/Remedies:
- Cease and desist;
- Fines & costs
Allegations
- In 2014, the Respondent offered and sold an unregistered investment to a Washington resident in the form of a Deferred Sales Trust transaction.
- The Respondent is not registered to sell its securities in Washington. The Respondents have a right to request a hearing on the Statement of Charges.
Order file
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