ACC Orders More than $4 Million in Restitution for Investors in Business Automation Scheme

Phoenix, Ariz. - The Arizona Corporation Commission ordered Ryan Morgan and the business he controlled, All Done Consulting, LLC ("All Done") to pay $4,143,670 and $510,000 in administrative penalties for violating the Arizona Securities Act. Morgan set up All Done as a Minnesota-based limited liability company, but he operated his business out of his apartment in Scottsdale. Morgan and All Done raised a total of $4,143,670 from 109 investors.

During the post-covid years, from January 2021 through August 2023, Morgan marketed online and pitched to investors that with a one-time payment, All Done would do all the work and investors would collect a steady income stream. The investigation found that Morgan did not honor the money back guarantee, and most investors received little to no return on their investments. One case involved a Shopify business in partnership with Stuart Simonsen and Saddlebrook Investments operating out of Montana. Simonsen and Saddlebrook Investments entered a consent order with the Commission on April 29, 2025, in Decision No. 80865. Prior to his partnership with All Done, Mr. Simonsen had an outstanding judgement for $1.2 million, yet the All Done Shopify investors were not told about this outstanding judgment prior to making their investment.

The Commission found that Morgan and All Done were unregistered dealers or salesman and offered unregistered securities in the form of investment contracts. In addition to restitution and fines, the Commission ordered Morgan and All Done to permanently cease and desist from violating the Securities Act. All documents relating to this agenda item can be found in the Arizona Corporation Commission's online docket at https://edocket.azcc.gov and entering docket number S-21266A-23-0238. For further questions regarding this matter, contact the Investigator on Duty at the Arizona Corporation Commission's Securities Division at 602-542-0662, or email [email protected].