Investor Alert: Terrence Edward Bonk was fined $10,000 and suspended for borrowing $8,000 from a customer

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FINRA Sanctions & Allegations of Misconduct

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FINRA fined $10,000 and suspended Terrence Edward Bonk (CRD #1011846) from Mendota Heights, Minnesota of FELTL & COMPANY for borrowing $8,000 from a customer of his member firm without notifying or obtaining prior written approval from the firm. In addition, after the customer demanded repayment of the loan in a message sent to Bonk’s firm email address, Bonk requested that the customer send another email stating that the loan was made to Bonk’s brother and not to Bonk directly, which the customer did. The suspension is in effect from March 2, 2020, through December 1, 2020.

Investors Have the Right to Recover Their Losses

When investments are sold by brokerage firms licensed by FINRA, they are subject to the laws that FINRA enforces. The brokerage firms are responsible for ensuring that their brokers are trading fairly, ethically and in the best interest of their clients. Ideally, they would accomplish this through careful supervision. Unfortunately, too often this supervision has been inadequate to fully protect investors. If you purchased any investments through a representative of a registered brokerage firm and suffered losses through negligence or fraud, it immediately puts the brokerage firm at fault for failing to supervise their broker. FINRA law then dictates that you can hold the firm legally liable to recover your damages.

Can I recover my investment losses?

If you lost a substantial portion of your retirement savings or other assets as a result of investments purchased through Terrence Edward Bonk or FELTL & COMPANY, please contact us immediately. Our investment fraud lawyers have recovered millions of dollars from the largest banks, insurance companies, and brokerage firms in the world on behalf of investment fraud victims. You may have certain legal rights that require your immediate attention. Time is of the essence in these claims. The sooner you act, the greater your chances of recovering your investment losses. Don't wait. Contact us TODAY for a FREE Consultation and case evaluation. We will tell you if you have a viable claim worth pursuing.