Business ProfileforHRC Wealth Management, LLC
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The following describes a government action that has been resolved by either a settlement or a decision by a court or administrative agency. If the matter is being appealed, it will be noted below.The following describes a government action that has been resolved by either a settlement or a decision by a court or administrative agency. If the matter is being appealed, it will be noted below.
On March 25, 2019, Washington State Department of Financial Institutions Securities Division entered into a Consent Order S-19-2618-19-CO01 with HRC Wealth Management LLC (CRD 117212) (“Consent Order”). The Consent Order states HRC Wealth Management employed an unregistered investment adviser representative from August 2, 2016 to February 25, 2019 in violation of RCW 21.20.040(5)(b).
The Order states in The Findings of Facts, HRC hired Cotton Sears (CRD 2603721) as an investment adviser representative on or about August 2, 2016. HRC requested on at least two separate occasions that its compliance firm, Advanced Regulatory Compliance LLC, file the necessary form, called Form U4, to request registration for Mr. Sears as an investment adviser representative. Advance Regulatory Compliance represented that it filed the form. However, no such form was filed. HRC did not confirm through the Investment Adviser Registration Depository, also known as IARD, that Mr. Sears was registered as an investment adviser representative prior to allowing Mr. Sears to conduct business as an investment adviser representative. Since August 2016, Mr. Sears conducted investment advisory business on behalf of HRC in Pullman, Washington. HRC compensated Mr. Sears for his investment advisory activities.
The Consent Order includes a $12,000 fine. Respondent waived its right to request judicial review of the matter.
HRC Wealth Management, LLC (HRC) is an investment adviser registered with the Securities and Exchange Commission. The firm’s Central Registration Depository (CRD) number is 117121.
For further information, contact the Securities Division of Washington State Department of Financial Institutions at (877) 746-4334 or at www.dfi.wa.gov.
At-a-glance
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Overview
Business Details
This is a multi-location business.
- Location of This Business
- 315 S Almon St, Moscow, ID 83843-2217
- BBB File Opened:
- 4/9/2019
- Years in Business:
- 12
- Business Started:
- 7/11/2012
- Licensing Information:
- This business is in an industry that may require professional licensing, bonding or registration. BBB encourages you to check with the appropriate agency to be certain any requirements are currently being met.
- Type of Entity:
- Limited Liability Company (LLC)
- Business Management
- Mr. Cade Konen, Member
- Mr. Bradley Lewis, Member
- Contact Information
Principal
- Mr. Cade Konen, Member
- Mr. Bradley Lewis, Member
Customer Contact
- Mr. Cade Konen, Member
- Additional Contact Information
Phone Numbers
- (509) 339-6368Other Phone
Website Addresses
- (509) 339-6368
Customer Complaints
0 Customer Complaints
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