WASHINGTON (Reuters) - The U.S. Securities and Exchange
Commission on Monday accused former National Football League
player Dwight Sean Jones of refusing to let the agency examine
his investment advisory business records.
The SEC alleged in an administrative complaint that the
former defensive player and his firm, Amaroq Asset Management,
repeatedly failed to make documents available for SEC officials
to review.
Jones played for the Green Bay Packers, Houston Oilers and
Los Angeles Raiders from 1984 until the 1996 season. He managed
some $44 million in assets for his clients but never produced
any records, the SEC said.
Jones gave the agency inconsistent stories, the SEC
alleged, saying that Amaroq's records had been destroyed in a
fire, were on a moving truck, or had inadvertently been sold by
a storage company.
According to SEC documents, Amaroq continued to maintain a
Web site "touting its wealth management programs" until
mid-2007 even though Jones said Amaroq stopped business in
2004. Attempts to contact Jones for comment were not
immediately successful.
(Reporting by Rachelle Younglai)