Defendant Name:
KMS Financial Services, Inc.
Defendant Type:
Subsidiary of Public Company
Document Reference:
34-81169-s
Document Details
Legal Case Name
In the Matter of KMS Financial Services, Inc.
Document Name
SEC Charges Investment Adviser for Failing to Disclose Conflict of Interest Arising from Revenue Sharing Arrangement and Failure to Seek Best Execution
Document Date
19-Jul-2017
Document Format
Administrative Proceeding
Allegation Type
Investment Advisers/Investment Companies
Document Summary
According to the SEC: "The Securities and Exchange Commission today announced that Seattle, Washington-based KMS Financial Services, Inc. agreed to settle charges that it failed to disclose to its advisory clients that it received revenue from a third-party broker-dealer and the resulting conflict of interest, and that it failed to seek best execution for advisory clients."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured