Published On: April 3, 2017

Stoltmann Law Offices is investigating Stephen Alison, a former registered representative of KMS Financial Services in Eugene, Oregon. Recently, the Securities and Exchange Commission (SEC) barred Alison from the industry after he allegedly failed to disclose excessive fees that his clients were being charged. The SEC alleged that Alison failed to put his clients in proper mutual funds to avoid them paying excessive fees, which he received from the mutual fund companies. He also failed to disclose the deteriorating financial condition of his company, Alison LLC. These are all against securities laws.

Alison was registered with Pruco Securities Corp in Newark, New Jersey from August 1986 until December 1989, The Lincoln National Life Insurance Company in Fort Wayne, Indiana from November 1989 until December 1996, Lincoln Financial Advisors Corp in Fort Wayne from November 1989 until December 1996, Walnut Street Securities in El Segundo, California from September 1997 until October 2004 and KMS Financial Services in Eugene, Oregon from October 2004 until December 2014. He is currently not registered in the industry and has been barred. Please call us today if you suffered losses with Mr. Alison. We may be able to help you recover those losses in the arbitration forum on a contingency fee basis.

 

 

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