Washington regulator charges nurse-supply venture and two individuals over unregistered $200,000 offering
Washington State's Department of Financial Institutions has filed a Statement of Charges against Supplies for Traveling Nurses 1, MB Diversity LLC, and individuals Anthony Burnett and Cecille Nguyen. The case centres on a 2023 capital raise that regulators say involved unregistered securities, material misrepresentations, and misuse of investor funds. Listeners should note the penalties sought and the respondents' right to a hearing.
- Regulators allege the respondents raised $200,000 from investors in May 2023 through an unregistered securities sale.
- The Statement of Charges cites violations of RCW 21.20.010, RCW 21.20.040, and RCW 21.20.140.
- MB Diversity LLC, Anthony Burnett, and Cecille Nguyen are alleged to have offered and sold securities without being registered as a salesperson or broker-dealer in Washington.
- Sought remedies include a cease and desist order, denial of future registrations, revocation of exemptions, and fines and costs.
- The respondents retain the right to request a hearing on the charges.