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pc nid 91098 Jan 28, 2026 alapetina@vixio.com Washington Washington Department of Financial Institutions Division of Securities financial services
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Washington State Securities Division Issues Consent Order Against Presidio Financial Group and Christopher Scott Reid

On January 28, 2026, the Washington State Department of Financial Institutions Division of Securities entered a Consent Order (S-24-3800-25-CO02) against Presidio Financial Group, Inc. (d/b/a Capital Partners Wealth Management) and Christopher Scott Reid. The Division found that the respondents filed false and misleading balance sheets with the Securities Division and failed to disclose liabilities. Additionally, the respondents failed to keep and maintain accurate books and records, including balance sheets. Presidio Financial Group, Inc. (d/b/a Capital Partners Wealth Management) specifically failed to maintain a positive net worth, in violation of Washington Administrative Code (WAC) 460-24A-060, WAC 460-24A-200, WAC 460-24A-170, and Revised Code of Washington (RCW) 21.20.350. The Consent Order imposes financial penalties of $10,000 for each respondent and requires payment of investigative costs of $5,000. The respondents are also subject to a cease and desist order, prohibiting continuation of the conduct that formed the basis of the enforcement action. This enforcement action reflects the Division's commitment to ensuring that investment advisers maintain accurate financial records and comply with net worth requirements designed to protect investors. **Reference:** Washington State Department of Financial Institutions Division of Securities, Consent Order S-24-3800-25-CO02

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Washington State Department of Financial Institutions Fines Presidio Financial Group $10,000 for Securities Violations

On January 28, 2026, the Washington State Department of Financial Institutions Division of Securities (DFI) announced a consent order against Presidio Financial Group, Inc.(d/b/a Capital Partners Wealth Management). The DFI found that Capital Partners Wealth Management (Capital Partners) committed the following violations: violated Washington Administrative Code 460-24A-060 by filing balance sheets with the Securities Division that were not accurate and not prepared in accordance with generally accepted accounting principles; violated Washington Administrative Code 460-24A-200(1)(f) by failing to make and keep true, accurate, and current books and records, including a balance sheet that was prepared in accordance with generally accepted accounting principles; violated Washington Administrative Code 460-24A-170 by failing to maintain a positive net worth; violated Revised Code of Washington Section 21.20.350 by causing balance sheets to be filed with the Securities Division that contained a statement that was, at the time and in light of the circumstances under which it was made, false or misleading in a material respect. Under the terms of the consent order, Capital Partners must pay a fine of $10,000 and $5,000 in investigative costs.