FINRA Bars Maryland Broker for Converting Funds

Posted on February 18th, 2020 at 2:22 PM
FINRA Bars Maryland Broker for Converting Funds

From the Desk of Jim Eccleston at Eccleston Law LLC:

Ronald “Ramone” Knight has agreed to be barred from association with any FINRA member firm in any capacity after FINRA found that he falsified expense reports. 

According to a Letter of Acceptance, Waiver and Consent (“AWC”) signed by Knight on October 23, 2019, FINRA found that Knight submitted 31 falsified expense reports to his firm, NYLife Securities, between February 2015 and August 2016.  FINRA found that these falsified expenses were either personal expenses, which were mischaracterized by Knight as business expenses, or were expenses that Knight did not personally incur.  In total, Knight received $3,900 from his firm as a result of the falsified expense reports.

By signing the AWC, Knight consented to the entry of FINRA’s findings detailed in the AWC, without admitting or denying those findings.

The attorneys of Eccleston Law LLC represent investors and advisors nationwide in securities and employment matters. The securities lawyers at Eccleston Law also practice a variety of other areas of practice for financial investors and advisors including Securities FraudCompliance ProtectionBreach of Fiduciary DutyFINRA Matters, and much more. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services. If you are in need of legal services, contact us to schedule a one-on-one consultation today.

Related Attorneys: James J. Eccleston

Tags: james eccleston, eccleston law, eccleston law llc, eccleston, falsified expense reports, finra, awc

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