The Arizona Corporation Commission has revoked the Arizona securities salesman registration of Darien Euclid Bonney of Scottdale, ordered him to pay $1.98 million in restitution and a $30,000 penalty for his dishonest and unethical conduct.<\/p>\n
The Commission found Bonney engaged in \u201cselling away,\u201d which is the practice of a registered salesperson selling products that have not been approved by his or her dealer, according to a press release. <\/p>\n
It is considered dishonest and unethical conduct under Commission rules and grounds for revoking a salesperson\u2019s registration. <\/p>\n
\u201cThe facts were clear,\u201d Commissioner Rachel Walden said in the release. \u201cMr. Bonney was not authorized under his Financial Industry Regulatory Authority (FINRA) licenses or his broker-dealer to engage in these practices. An advisor is responsible for their solicitations. <\/p>\n
\n
\u201cHis licensing limits him to only engage in transactions related to packaged investments, such as mutual funds, and only products authorized by his dealer who maintains the licensing. <\/p>\n
\u201cHe agreed to the terms of being regulated when he registered with the Arizona Corporation Commission. The Commission has a Constitutional duty to protect consumers and ensure compliance with the law, which was fulfilled.\u201d<\/p>\n
In August 2022, FINRA permanently barred Bonney from association with any FINRA member in all capacities.<\/p>\n
The Commission found Bonney solicited certain clients to invest in short-term bridge loans to benefit a startup company in which Bonney had an ownership interest. Bonney drafted and issued promissory notes to the investors, misrepresenting to them that the investment was a \u201cno-risk deal\u201d with double-digit, \u201cguaranteed\u201d investment returns. <\/p>\n","protected":false},"excerpt":{"rendered":"The Arizona Corporation Commission has revoked the Arizona securities salesman registration of Darien Euclid Bonney of Scottdale, ordered…\n","protected":false},"author":3,"featured_media":155981,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5131],"tags":[5229,5643,90961,1587,90960,820,1589,7600,67,586,132,5230,68,2969],"class_list":{"0":"post-155980","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-phoenix","8":"tag-america","9":"tag-arizona","10":"tag-arizona-corporation-commission","11":"tag-az","12":"tag-darien-euclid-bonney","13":"tag-fraud","14":"tag-phoenix","15":"tag-scottsdale","16":"tag-united-states","17":"tag-united-states-of-america","18":"tag-unitedstates","19":"tag-unitedstatesofamerica","20":"tag-us","21":"tag-usa"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115050385582313112","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/155980","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=155980"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/155980\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/155981"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=155980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=155980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=155980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}