Soreide Law Group is investigating potential claims on behalf of investors who suffered losses due to Darien Euclid Bonney (also known as D.E. Bonney) [CRD: 4899007, Scottsdale, Arizona]. Evidently, Bonney worked for MML Investors Services LLC from April 2, 2007, to January 27, 2022. Notably, investors allege sales practice violations in these disputes, including unsuitability and misrepresentation. Here’s more about the disclosures.
MML Investors Services LLC Investor Accused Bonney Of Promissory Note Misrepresentation
A MML Investors Services LLC client initiated FINRA Arbitration No. 23-02063 against Darien Bonney in November 2023. This matter purportedly concerned the broker’s sale of two promissory notes in 2021 under false pretenses of guaranteed returns and protection from stock market volatility. Supposedly, the client did not get their full investment back, and only a portion of the interest was paid, leading to a claim for $325,000. This case is pending a resolution.
Unsuitability Claims Concerning MERCO and Spyglass
Evidently, a customer of MML Investors Services, LLC contested Bonney’s sales practices by filing Civil Suit: Case No. CV2022-013707 on April 18, 2023. Allegedly, Bonney misrepresented and sold unsuitable MERCO & Spyglass private securities. It appears that Bonney caused the customer to sustain damages. Therefore, the customer seeks compensatory relief from MML Investors Services LLC or Bonney in this ongoing matter.
Further Allegations Of Misrepresentation And Unsuitability
In FINRA Arbitration No. 23-00303, a MML Investors Services LLC client accused Bonney of misrepresentation and unsuitability related to a home down payment in November 2018 and subsequent investments in private securities. Therefore, on October 16, 2023, MML Investors Services, LLC settled this matter by paying the customer $75,000 in damages.
Promissory Note Allegation And Settlement
Also, a customer of MML Investors Services, LLC contested Darien Euclid Bonney's sales practices by filing FINRA Arbitration No. 22-02125. Allegedly, Bonney recommended a risky, unregistered promissory note in 2018 without a reasonable basis. However, they have reportedly only received a portion of their investment back, causing them financial harm. Therefore, MML Investors Services, LLC opted to settle the matter on March 8, 2023, by compensating the customer in the amount of $17,000.
Spyglass Financial Strategies Investment Dispute
In FINRA Arbitration No. 22-01548, a client claimed that Bonney solicited an investment in Spyglass Financial Strategies, a business owned by Bonney, with false assurances of no risk. However, the terms of the promissory note drafted by Bonney were apparently not met, resulting in financial losses for the client. Therefore, on February 16, 2023, MML Investors Services, LLC settled this matter by paying the customer $105,000 in damages.
FINRA's Bar Of Bonney
On August 9, 2022, FINRA barred Darien Bonney from association with any FINRA member in all capacities due to his failure to respond to requests for information.
Seeking Justice For Losses With Darien Bonney
Investors who have suffered losses due to Darien Bonney's actions are encouraged to contact Soreide Law Group or call (888) 760-6552 for a consultation. Soreide Law Group has recovered losses for investors throughout the United States, works on a contingency fee basis, and advances all costs. Bonney and brokerage firm MML Investors Services, LLC deny accusations of sales practice violations.