2020067626001 Charles Bonilla CRD 2572107 AWC jlg (2021-1615422002519).pdf

FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2020067626001 TO: Department of Enforcement Financial Regulatory Authority (FINRA) RE: Charles Bonilla (Respondent) Former General Securities Representative CRD No. 2572107 Pursuant to FINRA Rule 9216, Respondent Charles Bonilla submits this Letter of Acceptance, Waiver, and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below. This AWC is submitted on the

Regulatory Notice 21-03

Summary

Low-priced securities1 tend to be volatile and trade in low volumes. It may be difficult to find accurate information about them. There is a long history of bad actors exploiting these features to engage in fraudulent manipulations of low-priced securities. Frequently, these actors take advantage of trends and major events—such as the growth in cannabis-related businesses or the ongoing COVID-19 pandemic—to perpetrate the fraud.2

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