The Securities and Exchange Commission on Wednesday said that it had fined a former board member of the Florida Housing Finance Agency $10,000 for failing to disclose money he took to help select Stephens Inc. for the agency's bond business.

William Jay Ramsey also agreed to an injunction prohibiting him from further violations of certain federal securities laws, including anti-fraud provisions, and to reimburse $2,190-the sum he took from Stephens, plus interest-to the Florida agency.

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