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.
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