Investment Management
WebRotator, IncAbout
Important information
- Government Actions:Read moreGovernment Action: BBB reports on known government actions involving business’ marketplace conduct:S-17-2138-18-SC01 - WebRotator, Inc.; Scott Wilkerson
The following describes a pending government action that has been formally brought by a government agency but has not yet been resolved. We are providing a summary of the governments allegations, which have not yet been proven.
On February 22, 2019, the Securities Division entered a Statement of Charges and Notice of Intent to Enter Order to Cease and Desist, to Impose a Fine, and to Charge Costs (“Statement of Charges”) against WebRotator, Inc. and Scott B. Wilkerson (“Respondents”). Previously, in August 2016, the Securities Division entered into a Consent Order with Respondents to settle earlier allegations by the Securities Division that Respondents violated registration and anti-fraud provisions of the Securities Act of Washington.
In the 2016 Consent Order, Respondents were ordered and agreed to cease and desist from violations of the Securities Act. The current Statement of Charges alleges that Respondents offered and sold approximately $167,500 of investments in WebRotator, Inc. to ten investors in violation of the 2016 Consent Order and the Securities Act of Washington. Further, the Statement of Charges alleges that Respondents violated the anti-fraud provision of the Securities Act of Washington by failing to disclose material information to investors.
The Securities Division intends to order Respondents to cease and desist from violating the Securities Act of Washington, to impose an administrative fine, and to charge investigative costs. Respondents each have a right to request a hearing on the Statement of Charges.
For further information, contact the Securities Division of Washington Department of Financial Institutions at (877) 746-4334 or at www.dfi.wa.gov.
Business Details
- Local BBB:
- BBB Great West + Pacific
- BBB File Opened:
- 4/9/2019
- Business Started:
- 3/4/2011
- Type of Entity:
- Corporation
- Alternate Names:
- Rotator Records
- Business Management:
- Mr. Scott Wilkerson, CEO
Additional Contact Information
- Principal Contacts
- Mr. Scott Wilkerson, CEO
- Customer Contacts
- Mr. Scott Wilkerson, CEO
Licensing information
This business is in an industry that may require professional licensing, bonding or registration. BBB encourages you to check with the appropriate agency to be certain any requirements are currently being met.
Additional Information
- Business Categories
- Investment Management
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