Financial Planning Consultants
American Financial Security LLCFind BBB Accredited Businesses in Financial Planning Consultants.
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This business has 1 alert
Important information
- Pending Government Action:Securities and Exchange Commission v Ronald Frank Stevenson and American Financial Security LLC
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 March 22, 2021, The Securities and Exchange Commission filed a Complaint for Injunctive and Other Relief against Ronald Frank Stevenson and American Financial Security LLC. Charges filed allege the business is in violation of federal law prohibiting not registering with the Commission as a broker or dealer or not associating with an entity registered with the Commission as a broker-dealer while attempting to induce or induce the purchase or sale of securities. It is also alleged there was no registration statement filed or in effect with the Commission and no exemption from registration existed with respect to these securities. The complaint alleges that, between approximately February 2015 and January 2020, Stevenson and his company, American Financial Security, LLC, sold over $19 million of the Funds' securities to more than 100 investors. Stevenson, through American Financial Security, received approximately $1.7 million in commissions, despite neither Stevenson nor American Financial Security being registered as a broker-dealer.
The matter is pending.
About This Business
Business Details
- BBB File Opened:
- 7/22/2004
- Business Started:
- 4/1/2004
- Business Incorporated:
- 4/5/2004
- Type of Entity:
- Limited Liability Company (LLC)
- Alternate Names:
- American Financial Security
- American Financial Investments LLC
- Business Management:
- Mr. Ronald F. Stevenson, Member
Additional Contact Information
- Principal Contacts
- Mr. Ronald F. Stevenson, Member
- Customer Contacts
- Mr. Ronald F. Stevenson, Member
- Fax numbers
- Other Fax: (928) 445-5289
- Additional Email Addresses
- Primary: Email this Business
- Sales: Email this Business
- Technical Support: Email this Business
- Customer Service: Email this Business
- Additional Websites
- Website 1
- Social Media
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.
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