KMS Financial Services
Tag Archive

  • KMS Financial Services, Inc. fined by FINRA

    March 7, 2013 Comments (0) Blog, Securities Fraud

    KMS Financial Services, Inc. (CRD #3866, Seattle, Washington) recently submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $50,000, which includes the disgorgement of financial benefits received of $7,727.13. Without admitting or denying the findings, the firm consented to the

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  • Montana Ponzi Scheme

    December 14, 2010 Comments (0) Blog, Securities Fraud

    In the beginning of 2010, Arthur Leroy Heffelfinger, a former financial advisor with KMS Financial Services, Inc., was arrested in Montana on a felony charge of exploitation of an older person amid allegations he raided the account of a woman in her 90s to sustain a Ponzi scheme he had been operating for years.

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  • Recovery of DBSI Investment Losses

    December 10, 2010 Comments (0) Blog, Securities Fraud

    The White Law Group is currently investigating numerous securities fraud claims involving DBSI and DBSI tenants-in-common investments.  Specifically, the firm is investigating whether the broker-dealers that recommended DBSI to its clients failed to perform the necessary due diligence on DBSI prior to recommending it

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