Israels & Neuman, PLC Investigates Thomas Bonik, Formerly of NTB Financial
Have you lost money with financial advisor Thomas Michael Bonik (CRD# 852722), formerly of NTB Financial, in St. Augustine, Florida? We are investigating allegations of former customers related to Thomas Bonik. Thomas Bonik’s BrokerCheck report, a public record maintained by FINRA, states that Bonik has been the subject of five customer complaints. The most recent complaint alleges that Bonik made unsuitable recommendations to invest in junk bonds like Hornbeck Offshore, which is engaged in offshore oil drilling and transportation.
Thomas Michael Bonik has been a registered representative of NTB Financial from 1998 to August 2020. Bonik has worked in offices in St. Augustine, Florida. NTB Financial allowed Bonik to “voluntarily” resign in July 2020 regarding these allegations.
Brokerage firms like NTB Financial have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms 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; Phoenix, Arizona; Seattle, Washington; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Florida. Attorney David Neuman is licensed to practice law in Florida. Our attorneys have represented over one thousand investors against many brokerage firms in the past.