Washington DFI charges Pacific Watercraft and Robin Lynn Sells over $5m unregistered offer

Washington's Division of Securities has issued a Statement of Charges against Pacific Watercraft Group and its principal Robin Lynn Sells, alleging an unregistered $5 million offering made without disclosure of the principal's bankruptcy and enforcement history. The action seeks a cease and desist order plus fines and costs. This item sets out what the charges contain and what happens next.

• The Statement of Charges was entered on October 6, 2026 under file S-26-4197-26-SC01.
• The respondents allegedly offered up to $5 million in unregistered debt and equity securities to a potential investor in 2026.
• The undisclosed material information allegedly included four bankruptcy filings by Sells, three previous Securities Division actions, and a 2020 bankruptcy filing by Pacific Watercraft Group.
• The order cites RCW 21.20.010, RCW 21.20.140 and RCW 21.20.040 and seeks a cease and desist order plus fines and costs.
• The respondents have a right to request a hearing on the Statement of Charges.

Executive summary

On October 6, 2026, the Washington State Department of Financial Institutions, Division of Securities, entered a Statement of Charges numbered S-26-4197-26-SC01 against Pacific Watercraft Group, Inc. and Robin Lynn Sells. The order alleges that in 2026 the respondents offered up…

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