SEC Charges Former NFL Player for Violations of Investment Adviser Regulations after Refusal (or Inability) to Produce Business Records

The SEC has charged former NFL player Dwight Sean Jones with failing to allow the Commission staff to examine his business records, as required by the federal securities laws, in connection with his investment adviser practices, mostly for other former players.

The Division of Enforcement alleges, among other things, that Jones refused to produce or allow the inspection of his advisory business records.  Jones claims all his records had either been destroyed in a fire or inadvertently sold by a storage company.

For more, see Administrative Proceeding No. IA-2651 and Order.


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