Additional Information for American Financial Investments LLC

Arizona Corporation Commission v American Financial Investments LLC

The following describes a government action that has been resolved by either a settlement or a decision by a court or administrative agency. If the matter is being appealed, it will be noted below.

On April 28, 2022, American Financial Investments LLC and Ronald F Stevenson entered into an Opinion and Order with The Arizona Corporation Commission. The order settles allegations that the business offered and sold securities that were neither registered nor exempt from registration, offered and sold securities while not being registered as dealers or salesmen, and committed fraud in the offer and selling of securities. Under terms of the order, Mr. Stevenson and American Financial Investments LLC shall permanently cease and desist from their actions and pay restitution in the amount of $19,459,875 and pay administrative penalties in the amount of $15,000. Mr. Stevenson is ordered to pay an additional $10,000 for administrative penalties.

This action is final. 

Securities and Exchange Commission v Ronald Frank Stevenson
The following describes a government action that has been resolved by either a settlement or a decision by a court or administrative agency. If the matter is being appealed, it will be noted below.

On January 5, 2023, Ronald Stevenson entered into a Final Judgment with the Securities and Exchange Commission. The judgment settles allegations that Ronald Stevenson was not registered with the Commissioner as a broker or dealer or not associated with an entity registered with the Commissioner 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. Under terms of the judgment, Ronald Stevenson is permanently restrained and enjoined from the above violations, permanently restrained or enjoined from engaging in the business of effecting transactions in securities for the accounts of others, or effecting the purchase and sale of securities while not registered with the Commission. Ronald Stevenson is liable for disgorgement of $520,657 and interest in the amount of $59,242 and/or a civil penalty in the amount of $125,000. Ronald Stevenson shall satisfy this obligation by paying $704,899. The Assurance was for settlement purposes only and should not be considered as an admission of guilt or finding of violation of the law. 

This action is final.