Business ProfileforEquanimity Capital Management, LLC

Gov. Action
February 16, 2021 The following describes a Consent Order that has been formally brought by a government agency. The California Department of Financial Protection & Innovation, alleges and charges as follows:

On February 6, 2015, the Commissioner summarily revoked the investment adviser certificate of Equanimity, CRD number 159860, for failing to pay its renewal fee as required by Corporations Code section 25608, subdivision (q)(1). The Commissioner served the Summary Revocation Order by certified mail return receipt to Equanimity's address on file. On November 17, 2017, Equanimity reapplied for an investment adviser certificate with the Department under CRD number 291149 and listed its place of business at 3974 Tarrytown Lane, Agoura Hills, California 91301.

Investment Adviser Registration Depository2 (IARD) showed that from March 13, 2012 through February 6, 2015, Equanimity was a registered investment adviser assigned with CRD number 159860. IARD showed Equanimity did not have any existing or previous registrations with CRD number 291149.

According to Equanimity's initial filing, Form ADV Part 1A (Item 5.F.(2)) showed that Equanimity had a total of $3,000,000 of regulatory assets under management for twelve accounts. In addition, Form ADV Part 2B (Item 2) stated that Cashman has been the Managing Director of Equanimity since 2011.

Pursuant to Corporations Code section 25532, Equanimity Capital Management, LLC and Christopher Todd Cashman are hereby ordered to desist and refrain from acting as an investment adviser in the State of California unless and until they have first applied for and secured from the Commissioner a certificate authorizing them to act as an investment adviser, or unless exempt, in violation of Corporations Code section 25230. This desist and refrain order is final and effective from the Effective Date of this Consent Order, as defined in paragraph 26 (Effective Date)

Equanimity Capital Management, LLC and Christopher Todd Cashman have sent letters approved by the Department to Equanimity's former clients that Respondents engaged in unlicensed investment adviser activity in violation of California Corporations Code section 25230, subdivision a, from February 2017 through September 2017 and offered each client a refund of the advisory fees paid during the above-referenced eight-month period.

The Parties hereby acknowledge and agree that this Consent Order is intended to constitute a full, final, and complete resolution of the violations and Desist and Refrain Order as identified herein. No further proceedings or actions will be brought by the Commissioner in connection with these matters under the CSL, or any other provision of law, excepting therefrom any proceeding to enforce compliance with the terms of this Consent Order.


To access the full California Department of Financial Protection & Innovation press release, please visit: https://dfpi.ca.gov/wp-content/uploads/sites/337/2021/02/Consent-Order-Equanimity-Capital-Management-LLC.pdf