Floyd Teague, a former Bristol County Deputy Sheriff, was fined $65,000 for conducting a public auction where he bid on a house for his wife.
The SEC reported that Teague bid $20,000 on behalf of his wife without proper cash on hand, closing the auction without giving others a chance.
After winning the auction, Teague helped renovate the house, which his wife later sold for $309,900, but they did not report any gains from the sale.
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