Warning: CHARLES BONILLA of David Lerner Associates SUSPENDED
Boca Raton, FL
Have you lost money with financial advisor Charles Bonilla from Boca Raton, Florida? We are looking into allegations made by FINRA (the Financial Industry Regulatory Authority) against Charles Bonilla. FINRA suspended Bonilla from the securities industry for 5 months, fined him $5,000, and ordered him to disgorge $22,417 in commissions. Bonilla was being investigated regarding allegations he made unsuitable investment recommendations in an energy mutual fund (created by David Lerner Associates) and limited partnerships that invested in oil and gas.
Charles Bonilla was a registered representative and financial advisor with David Lerner Associates from December 2015 to May 2018. He worked out of a branch office in Boca Raton, Florida. Bonilla was also terminated by Scottrade in 2014.
Broker-dealers like David Lerner Associates have a responsibility to adequately supervise all representatives who are registered through their firm, including investments sold by their registered representatives. Broker-dealers also must take steps to ensure that their financial advisors follow all securities rules and regulations. When broker-dealers fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; Phoenix, Arizona; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Florida. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against David Lerner Associates.
If you lost money with Charles Bonilla or David Lerner Associates, and want to hear about ALL legal options, CONTACT ISRAELS & NEUMAN at 720-599-3505.
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