Washington State Department of Financial Institutions
10/20/2026 | Press release | Archived content
Prasad Anguluri; Innovative Investing Group Inc.
Case summary
On December 31, 2025, the Washington State Department of Financial Institutions Division of Securities entered a Statement of Charges (S-23-3527-25-SC01) against Prasad Anguluri; Innovative Investing Group Inc..
Order details
Order File: S-23-3527-25-SC01
Laws & Rules: RCW 21.20.020, RCW 21.20.040, WAC 460-24A-105, WAC 460-24A-220
Penalties/Remedies:
Intent to order:
- Cease and desist;
- Fines & costs;
- Disgorgement;
- Denial of future registrations
Allegations
- From approximately June 2022 through at least May 2025, the Respondents operated an unregistered investment adviser business for compensation, receiving a net total of approximately $44,000 from 33 clients.
- The Respondents misled the Securities Division during this investigation by falsely claiming that they were not charging for their services. In reality, they had been charging for services for at least the prior nine months, and continued to do so after their false claim to the Securities Division.
The Respondents have a right to request a hearing on the Statement of Charges.
Order file
Related Order
Washington State Department of Financial Institutions published this content on October 20, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on October 23, 2026 at 21:38 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]