The allegations read: On february 4, 2014, the securities division entered into a consent order with william madison swayne ii ("respondent"). The securities division alleged that respondent made unsuitable sales of tenant-in-common ("tic") investments to at least two of his customers during 2006. The securities division alleged that when offering and selling the tic investments, respondent violated the suitability section of the securities act of washington. Respondent neither admitted nor denied the allegations, but agreed to cease and desist from any violation of the securities act of washington. Respondent agreed to pay investigative costs of $5,000. Respondent waived his right to a hearing and to judicial review of this matter.
