The following information appeared on FINRA’s website under “Disciplinary and Other FINRA Actions, June, 2013.”
Ronald Allen Bundy (CRD #5964805, Registered Representative, Raeford, North Carolina)
was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Bundy consented to the described sanction and to the entry of findings that he received insurance premium payments totaling approximately $8,043 from insurance customers. Upon receipt of these payments, Bundy had an obligation to immediately remit these payments to the insurance company by depositing them in the insurance company’s designated bank account.
Instead, Bundy intentionally misappropriated and converted these funds by refusing to deposit them into the insurance company’s designated bank account. Bundy withheld the customers’ premium payments for several months as bargaining collateral against what he felt the insurance company owed him. Bundy finally remitted the $8,043 to the insurance company.
(FINRA Case #2012031948601)
Ronald Allen Bundy, according to FINRA's BrokerCheck, was previously registered with FINRA at the following brokerage firms:
ALLSTATE FINANCIAL SERVICES, LLC
CRD# 18272
FAYETTEVILLE, NC
08/2011 - 03/2012
This ends the information obtained on FINRA’s website.
Soreide Law Group represents clients nationwide before FINRA. If you or a loved one have sustained investment losses due to your stock broker or financial advisor’s recommendations, call for a free consultation on how to potentially recover your losses: 888-760-6552.
Soreide Law Group has filed a FINRA arbitration on behalf of our clients (Claimants) against: CENTAURUS FINANCIAL, INC (Respondent). The Claimants reside in Arizona and are retired. The Claimants were seeking stable investments that would provide them with income. The lawsuit states that the Claimants have a long-standing relationship with CENTAURUS FINANCIAL and its Financial Advisor, […]
Soreide Law Group is investigating potential investor claims involving DCM US Multi-Family Homes PLC notes sold or recommended through Andbanc Brokerage LLC. They are also investigating sales or recommendations through Andbanc Advisory LLC. Additionally, they are reviewing sales or recommendations through BCI Securities, Inc., Boreal Capital Securities, LLC (also known as Mora Capital Securities), and […]
Soreide Law Group está investigando posibles reclamaciones de inversionistas relacionadas con los bonos de DCM US Multi-Family Homes PLC vendidos o recomendados a través de Andbanc Brokerage LLC, Andbanc Advisory LLC, BCI Securities, Inc., Boreal Capital Securities, LLC (también conocida como Mora Capital Securities). Por otro lado, Mora WM Securities, LLC también estuvo involucrada. Si […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com