Index: OFR 2026 - 552

DOCKETED
11/13/2026
STATE OF FLORIDA
OFFICE OF FINANCIAL REGULATION
LEGAL BH

In Re:
SCW WEALTH MANAGEMENT, LLC and
SCOTT CHRISTOPHER WARDROP,
Case Number: 137561-SR
Respondents.

FINAL ORDER

The State of Florida, Office of Financial Regulation ("Office"), and Respondents SCW Wealth Management, LLC ("SCW"), and Scott Christopher Wardrop ("Wardrop") (SCW and Wardrop collectively "Respondents"), having entered into the attached Stipulation and Consent Agreement ("Agreement"), resolving and concluding this matter, it is therefore ORDERED:

1. The Agreement entered into by the Office and Respondents is adopted and incorporated by reference herein as if set forth at length.

2. The parties shall comply with all provisions of the incorporated Agreement.

DONE and ORDERED this 13th day of November, 2026, in Tallahassee, Leon County, Florida.

Russell C. Weigel, III Commissioner

CERTIFICATE OF SERVICE

I HEREBY CERTIFY that a true and correct copy of the foregoing Final Order has been furnished by U.S. mail to Jennifer Willey, Counsel for Respondents by electronic mail to Jennifer.Willey@altitudeseclaw.com on this 13th day of November, 2026.

Agency Clerk
Office of Financial Regulation
Post Office Box 8050
Tallahassee, FL 32314-8050
Email: Agency.Clerk@flofr.gov
Tel: (850) 410-9889

STATE OF FLORIDA
OFFICE OF FINANCIAL REGULATION

In Re:
SCW WEALTH MANAGEMENT, LLC and
SCOTT CHRISTOPHER WARDROP,
Case Number: 137561-SR
Respondents.

STIPULATION AND CONSENT AGREEMENT

The State of Florida, Office of Financial Regulation ("Office"), and Respondents SCW Wealth Management, LLC ("SCW"), and Scott Christopher Wardrop ("Wardrop") (SCW and Wardrop collectively "Respondents"), in consideration of the mutual promises herein, recite, stipulate, and agree, on the last date executed below, as follows:

1. Background: On November 14, 2025, the Office received an application, via Form ADV, Uniform Application for Investment Adviser Registration ("Form ADV"), through the Investment Adviser Registration Depository ("IARD"), for SCW's registration with the Office as an investment adviser. SCW's Central Registration Depository ("CRD") number is 317303. On November 13, 2025, the Office received an application, via Form U4, Uniform Application for Securities Industry Registration ("Form U4"), through CRD, for Wardrop's registration with the Office as an associated person of SCW. Wardrop's CRD number is 2363246. Wardrop is the sole owner and Chief Compliance Officer ("CCO") of SCW.

On November 21, 2025, the Office sent a deficiency letter to Respondents and requested documentation regarding, among other things, possible unregistered investment advisory business activity in and from Florida.

111 Re: SCW Wealth Management, LLC and Scott Christopher Wardrop
Page 2 of7

On February 19, 2026, the Office received Respondents' written statement attesting that Respondents had been rendering investment advice to ten clients in Florida from North Carolina since October 1, 2024, without being properly registered with the Office.

2. Jurisdiction: The Office is the state agency charged with the administration and enforcement of chapter 517, Florida Statutes, and the rules promulgated thereunder. The Office has jurisdiction to initiate an Administrative Complaint against Respondents pursuant to chapter 517, Florida Statutes, as stipulated by Respondents.

3. Findings: Respondents neither admit nor deny the allegations but consent to the entry of findings by the Office. The Office :finds that SCW violated section 517.12(3), Florida Statutes (2024), by rendering investment advice, in Florida, without being properly registered with the Office as an investment adviser. The Office finds that Wardrop violated section 517.12(3), Florida Statutes (2024), by rendering investment advice, in Florida, without being properly registered with the Office as an associated person of an investment adviser.

4. Consideration: The parties agree that the issues raised in this proceeding can be expeditiously resolved prior to the filing of an Administrative Complaint by their execution of this Stipulation and Consent Agreement. The parties acknowledge that they have read this Stipulation and Consent Agreement and fully understand the rights, obligations, terms, duties, and responsibilities with respect to its contents. Therefore, in compromise and settlement of this matter and in consideration of the Office's forbearance from further litigation, the parties agree as follows:

a. Respondents agree to Cease and Desist from violations of chapter 517, Florida Statutes, and the Administrative Rules adopted thereto.

b. Respondents agree to the imposition of an administrative fine against Respondents in the total amount of EIGHT THOUSAND ONE HUNDRED TWENTY-

In Re: SCW Wealth Management, LLC and Scott Christopher Wardrop

FIVE DOLLARS ($8,125.00). The administrative fine shall be submitted in the form of a certified check or money order made payable to the “Office of Financial Regulation” and sent to Agency Clerk, c/o Douglas M. Holcomb, Office of Financial Regulation, P.O. Box 8050, Tallahassee, FL 32314-8050, or paid by wire transfer. Respondents agree that this administrative fine shall be collected and deposited in accordance with section 215.31, Florida Statutes. Respondents agree, regarding the deposit of monies, that (1) the tendered fine or settlement check proceeds may be deposited in advance of full execution or acceptance of the proposed settlement agreement and (2) such deposit shall not be construed as a final acceptance of the Stipulation and Consent Agreement absent full execution thereof and entry of the Final Order adopting same.

c. The Office agrees to approve SCW's pending application for registration as an investment adviser and Wardrop’s pending application as an associated person of SCW. Approval shall be granted upon receipt of the required administrative fine payment and entry of the Final Order adopting this Stipulation and Consent Agreement. In the event the Office discovers any additional adverse information concerning the pending applications prior to entry of the Final Order, the Office reserves all legal rights and authority to take any action on the pending applications as may be appropriate. Such action may include, but is not limited to, issuing an Administrative Complaint based on the violations cited above.

5. Final Order: Respondents consent to the issuance by the Office of a Final Order, which incorporates the terms of this Stipulation and Consent Agreement. Respondents understand and agree that this Stipulation and Consent Agreement is subject to the final approval of the Commissioner of the Office of Financial Regulation and the entry of the Final Order adopting this Stipulation and Consent Agreement. In the event the Final Order is not entered, this Stipulation and Consent Agreement shall be null and void. The Final Order incorporating this Stipulation and Consent Agreement constitutes final agency action by the Office for which the Office may seek enforcement pursuant to the provisions of chapters 120 and 517, Florida Statutes.

6. Consent and Waiver: By Respondents' consent to the entry of the Final Order with respect to this proceeding, Respondents knowingly and voluntarily waive:

a. Any right to receive further notice of this administrative action and notice of rights pursuant to chapter 120, Florida Statutes;

b. Any right to an administrative hearing provided by chapter 120, Florida Statutes;

c. Any requirement that the Office's Final Order contain separately stated findings of Fact and Conclusions of Law or a Notice of Rights;

d. Any right to issuance of a recommended order by an Administrative Law Judge from the Division of Administrative Hearings or a Hearing Officer from the Office; and

e. Any right to object to or challenge in any judicial proceeding including, but not limited to, an appeal pursuant to section 120.68, Florida Statutes, any term, condition, obligation, or duty expressly created by the Final Order.

7. Releases: Upon full execution of this Stipulation and Consent Agreement, Respondents waive and release the Office and its agents, representatives, and employees from any and all causes of action that Respondents may have arising from or relating to the subject matter hereof. The Office agrees to accept this release on behalf of itself and its agents, representatives, and employees without acknowledging and expressly denying that any such cause or causes of action may exist.

8. Future Actions: This Stipulation and Consent Agreement is being executed solely for the purpose of resolving and settling the instant proceeding. Nothing herein shall be construed to waive or restrict the Office's right in a future proceeding to undertake any administrative action under the provisions of chapter 517, Florida Statutes, or any civil or criminal prosecution, arising out of any facts or circumstances undisclosed or undiscovered at the time of the entry of the Final Order; or facts unrelated to this settlement should further information warrant such action.

9. Failure to Comply: Respondents acknowledge, concur, and stipulate that Respondents' failure to comply with any of the terms, obligations and conditions of this Stipulation and Consent Agreement, and the Final Order adopting it, violates this written agreement and the Final Order entered pursuant to chapters 120 and 517, Florida Statutes. Such non-compliance may result in the issuance of an emergency Cease and Desist Order.

10. Attorneys' Fees: Each party herein shall be solely responsible for its attorneys' fees and costs incurred up to and including entry of the Final Order in this matter.

11. Severability: Respondents agree that if any provision of this Stipulation and Consent Agreement or the application thereof to any person or circumstance is held to be invalid, the invalidity shall not affect the remaining provisions of the Stipulation and Consent Agreement or the Final Order adopting it, which shall be given effect without the invalid provision(s), and to this end, the provisions of this Stipulation and Consent Agreement are severable.

12. Entire Agreement: This Stipulation and Consent Agreement represents the entire agreement by and between the Office and Respondents. Any alterations, variations, changes, modifications, or waivers of the provisions hereof shall be valid only when they have been reduced

In Re: SCW Wealth Managemenl, LLC ~nd Scott Christopher Wardrop
Page 6 of7

to writing, duly signed by the Office and Respondents, and attached to the original of this Stipulation and Consent Agreement.

WHEREFORE, the undersigned parties hereby acknowledge and agree to the tenns and conditions of the foregoing Stipulation and Consent Agreement, subject to final approval by the Commissioner of the Office of Financial Regulation, by written consent on the last date executed below:

SCW WEALTH MANAGEMENT, LLC c_ (A)~,,v.,.,,_,..
By: Scott Christopher Wardrop
Title: Sole Owner and CCO
Date

STATE OF NORTH CAROLINA)
COUNTY OF NEW HANOVER)

BEFORE ME, the undersigned authority, appeared Scott Christopher Wardrop as Sole Owner and CCO of SCW Wealth Management, LLC, by means of ☑ physical presence or ☐ online notarization, who, upon being duly sworn, states that he is authorized to enter the foregoing agreement on behalf of SCW Wealth Management, LLC, and has read and understands the foregoing agreement and voluntarily signed the same. J

SWORN TO AND SUBSCRIBED before me this 2nd day of November, 2026.

My Commission expires: 03/01/2031
/4v!¾fr

Personally known _______ or produced identification _______ Type of identification produced: NC Drivers License

JORDAN MASTRO
NOTARY PUBLIC
New Hanover County, North Carolina
My Commission Expires March 1, 2031

[Signatures continued on next page]

SCOTT CHRISTOPHER WARDROP
'
11.2.26
Date:

STATE OF NORTH CAROLINA)
COUNTY OF NEW HANOVER)

BEFORE ME, the undersigned authority, appeared Scott Christopher Wardrop, by means of ☒ physical presence or ☐ online notarization, who, upon being duly sworn, states that he has read and understands the foregoing agreement and voluntarily signed the same.

SWORN TO AND SUBSCRIBED before me this 2nd day of November, 2026. 2026.

My Commission expires: 03/01/2031

NOTARY PUBLIC

Personally known _____ or produced identification ___ t/ Type of identification produced: N.C. Drivers License 1 i l.t".s t-

JORDAN MASTRO
NOTARY PUBLIC
New Hanover County, North Carolina
My Commission Expires March 1, 2031

OFFICE OF FINANCIAL REGULATION

Ann Harris for Kerry Finegan
Kerry Finegan
Director
Division of Securities

11/9/26
Date: