Washington State Department of Financial Institutions

03/25/2025 | Press release | Archived content

Xinxu (Shanghai) Information Technology Service Co. Ltd., d/b/a YGF Group

Case summary

On March 25, 2025, the Washington State Department of Financial Institutions Division of Securities entered a Consent Order (S-25-3899-25-CO01) against Xinxu (Shanghai) Information Technology Service Co. Ltd., d/b/a YGF Group.

Order details

Order File: S-25-3899-25-CO01

Laws & Rules: RCW 19.100.020, RCW 19.100.080

Penalties/Remedies:

  • Investigative costs: $3,000
  • Cease and desist

Findings

  • Xinxu (Shanghai) Information Technology Service Co., Ltd. d/b/a YGF Group (YGF Group) offered and sold unregistered franchises to residents of Washington.
  • YGF Group failed to provide franchisees with a Franchise Disclosure Document (FDD) prior to the sale of the franchises.

Order file

View order file

Washington State Department of Financial Institutions published this content on March 25, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on July 10, 2025 at 21:37 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 If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]