The Law Firm of David Chase is reviewing allegations concerning former Campbell, California-based Principal Securities Inc. stockbroker Steven E. Bonner after FINRA permanently barred him following his failure to respond to a FINRA request for information.
According to FINRA’s BrokerCheck report on Bonner, he was barred in December of 2016 after FINRA requested information pertaining to allegations of lost private placement investment funds. A client alleged that she invested $200,000 with Bonner in a private placement with the promise of 10% annual returns, and further alleged that since that time she has not received any returns. The client further alleges that since her investment with Bonner she has not seen any returns. Her alleged damages are estimated at $242,000.
Bonner was employed by Principle Securities at its Campbell Office from 2010 to 2017. Principle Securities terminated Bonner in February of 2017. Previously, Bonner was employed by FSC Securities Corp. from 2002 through 2003. Bonner is not currently registered with any FINRA associated brokerage firm.
Among basic investment tenets, stockbrokers and financial advisors are required to recommend suitable investments to their clients, requiring them to conduct due diligence on the particular investment, and consider the client’s risk tolerance, investment objectives, investment time horizon, age, etc. when making an investment recommendation.
If you have lost money on an investment that was inappropriate or unsuitable recommended by your stockbroker or advisor, you may be able to recover some or all of your lost money.
If you invested with Steve E. Bonner and Principal Securities and have lost money doing so, you may be able to recover some or all of your losses. David Chase is experienced in recovering investor losses through the FINRA arbitration process due to stockbroker misconduct, fraud and mismanagement.
FINRA arbitration is a fast, efficient way to attempt to recover your lost investment funds due to unsuitable recommendations. The Law Firm of David Chase works on a contingency fee basis, meaning you pay it nothing unless it recovers money for you.
The Law Firm of David Chase represents defrauded investors throughout the country. If you have questions about your ability to recover your investment losses, please contact David Chase for a consultation at david@davidchaselaw.com or toll-free at (800) 760-0912.
