ACC Orders $4.14M Restitution and Penalties for Business Automation Scheme

AZ Corp Commission News

Filed March 6th, 2026

Detected March 17th, 2026

Summary

The Arizona Corporation Commission ordered Ryan Morgan and All Done Consulting, LLC to pay $4,143,670 in restitution and $510,000 in administrative penalties for violating the Arizona Securities Act. The order stems from a business automation scheme that defrauded 109 investors.

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What changed

The Arizona Corporation Commission has issued a final order against Ryan Morgan and his company, All Done Consulting, LLC, mandating restitution of $4,143,670 and administrative penalties of $510,000. The order addresses violations of the Arizona Securities Act, including operating as unregistered dealers and offering unregistered securities in the form of investment contracts. The scheme, which ran from January 2021 to August 2023, defrauded 109 investors who were promised steady income streams from a business automation service but received little to no returns. The Commission also noted a prior consent order with Stuart Simonsen and Saddlebrook Investments, related to one of the affected Shopify businesses, and highlighted that investors were not informed of Simonsen's outstanding judgment.

This enforcement action requires Morgan and All Done Consulting to permanently cease and desist from violating the Securities Act. Regulated entities, particularly those involved in investment schemes or operating without proper registration, should review their practices to ensure compliance with state securities laws. Failure to comply with such orders can result in significant financial penalties and operational restrictions. The case docket number is S-21266A-23-0238.

What to do next

Review investment contracts and marketing materials for compliance with state securities laws.
Ensure all dealers and salesmen are properly registered with the Arizona Corporation Commission.
Verify that all offered securities are registered or exempt from registration.

Penalties

$4,143,670 in restitution and $510,000 in administrative penalties.

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If you are a member of the media, please email ngarcia@azcc.gov or call (602) 542-0728.

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ACC Orders More than $4 Million in Restitution for Investors in Business Automation Scheme

Mar 6, 2026, 11:45
by
Nicole Garcia Phoenix, Ariz. - The Arizona Corporation Commission ordered Ryan Morgan and the business he controlled, All Done Consulting, LLC (“All Done”) to pay $4,143,670 and $510,000 in administrative penalties for violating the Arizona Securities Act. Morgan set up All Done as a Minnesota-based limited liability company, but he operated his business out of his apartment in Scottsdale. Morgan and All Done raised a total of $4,143,670 from 109 investors.

During the post-covid years, from January 2021 through August 2023, Morgan marketed online and pitched to investors that with a one-time payment, All Done would do all the work and investors would collect a steady income stream. The investigation found that Morgan did not honor the money back guarantee, and most investors received little to no return on their investments. One case involved a Shopify business in partnership with Stuart Simonsen and Saddlebrook Investments operating out of Montana. Simonsen and Saddlebrook Investments entered a consent order with the Commission on April 29, 2025, in Decision No. 80865. Prior to his partnership with All Done, Mr. Simonsen had an outstanding judgement for $1.2 million, yet the All Done Shopify investors were not told about this outstanding judgment prior to making their investment.

The Commission found that Morgan and All Done were unregistered dealers or salesman and offered unregistered securities in the form of investment contracts. In addition to restitution and fines, the Commission ordered Morgan and All Done to permanently cease and desist from violating the Securities Act. All documents relating to this agenda item can be found in the Arizona Corporation Commission's online docket at https://edocket.azcc.gov and entering docket number S-21266A-23-0238. For further questions regarding this matter, contact the Investigator on Duty at the Arizona Corporation Commission’s Securities Division at 602-542-0662, or email SecuritiesDiv@azcc.gov.

Arizona Corporation Commission
Phoenix Office
1200 W. Washington Street
Phoenix, AZ 85007