Published on:

Broker Complaints: Hornor, Townsend & Kent, Inc. (CRD# 4031)

The securities and investment fraud law firm, Fitapelli Kurta, is interested in speaking to investors who have complaints regarding Hornor, Townsend & Kent, Inc.

Hornor, Townsend & Kent, Inc. is an independent broker-dealer firm, based in Horsham, Pennsylvania. Hornor, Townsend & Kent, Inc. is structured as a corporation and it was incorporated under the laws of Pennsylvania in 1969. Hornor, Townsend & Kent, Inc. is registered with both the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Hornor, Townsend & Kent, Inc. is registered in 51 U.S. states and territories.

On October 2, 2012, FINRA fined Hornor, Townsend & Kent, Inc. $150,000 for failing to supervise certain transactions related to mutual funds. Specifically, from 2009 to 2011 Hornor, Townsend & Kent, Inc. failed to review the suitability of all direct applications subsequent transactions involving previously purchase mutual funds.  Hornor, Townsend & Kent, Inc.

On February 26, 2007, Hornor, Townsend & Kent, Inc. was fined $50,000 for maintaining programs where participating mutual fund companies would pay Hornor, Townsend & Kent, Inc. fees and in return, receive preferential treatement from Hornor, Townsend & Kent, Inc. Specifically, from 2001 to 2004, the mutual fund and other companies participating in the preferential program paid Hornor, Townsend & Kent, Inc. at least $844,077 in fees.

On October 10, 2006, Hornor, Townsend & Kent, Inc. was fined $125,000 for failing to supervise approximately 161 brokers who sold group variable annuity contracts and earned around $3.5 million in commissions.

On October 27, 2005, Hornor, Townsend & Kent, Inc. was fined $25,000 for failing to further investigate a broker who was convicted of a crime involving fraud.

If you or someone you know has lost money investing with Hornor, Townsend & Kent, Inc., call the attorneys at Fitapelli Kurta. Our law firm prosecutes cases nationwide on behalf of investors who have fallen victim to broker misconduct. All cases are taken on a contingency fee, which means we do not receive any compensation unless and until you recover money.

Call 877-238-4175 now for your free and confidential consultation.

Time to file a claim is limited, so do not delay.

Call now.