Washington State Department of Financial Institutions
10/27/2026 | Press release | Archived content
WMS Wealth Management, LLC; Candace K. Swayne; William Madison Swayne III
Case summary
On October 27, 2026, the Washington State Department of Financial Institutions Division of Securities entered a Consent Order (S-24-3872-26-CO01) against WMS Wealth Management, LLC; Candace K. Swayne; William Madison Swayne III.
Order details
Order File: S-24-3872-26-CO01
Laws & Rules: RCW 21.20.040
Penalties/Remedies:
- Fine: $50,000
- Costs: $5,000
- Disgorgement: $90,000
Findings
- Between January of 2021 and April of 2022, William Swayne III acted as an unregistered investment adviser when he managed client accounts on the adviser's platform. During this same period, William Swayne III failed to disclose his material conflict of interest when raising $1.25 million in investments in Chelan Ridge Holdings from eleven WMS Wealth advisory clients. At all relevant times, Candace Swayne, as the sole owner of WMS Wealth, failed to supervise William Swayne III.
- The Respondents have waived their right to request a hearing.
Order file
Washington State Department of Financial Institutions published this content on October 27, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on November 06, 2026 at 21:42 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 If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]