Publicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on March 11, 2018 indicate that former Utah-based Hornor Townsend & Kent broker/adviser Benjamin Chappell, who has received resolved or pending customer disputes, was discharged from his former employer in connection to alleged rule violations and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Chappell (CRD# 6121960).
Benjamin Chappell has spent five years in the securities industry and was registered with Hornor Townsend & Kent in Salt Lake City, Utah from 2012 until 2018. He has no previous registrations. He has passed three securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on May 6, 2017; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on October 3, 2012; and Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on September 27, 2012. He is currently not registered with any state or firm.
According to his BrokerCheck report, Benjamin Chappell has received one customer complaint and one pending customer complaint, and he was discharged from his former employer in connection to alleged rule violations.
In January 2018 he was terminated from his position at Hornor Townsend & Kent in connection to allegations he failed to ensure the reporting, to the firm’s Supervision and Compliance Departments, of potential violations of company policy regarding the use of time and price discretion by another representative at the fir, “of which he had knowledge.”
In October 2017 a customer alleged Benjamin Chappell, while employed at Hornor Townsend & Kent, made allocations without his knowledge. The customer is seeking unspecified damages in the pending complaint, in which Mr. Chappell notes he was not the agent at the time the trades were executed.
In March 2017 a customer alleged Benjamin Chappell, while employed at Hornor Townsend & Kent, unsuitably recommended she “transfer her investments to purchase a life insurance policy to avoid a large tax penalty.” The complaint, in which Mr. Chappell notes he acted as an assistant rather than the advisor, settled for more than $22,900.
If you or someone you know has lost money investing with Benjamin Chappell, call the experienced attorneys at Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.