Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: Hornor, Townsend & Kent, Inc.
Penalty: $325,000
Year: 2005
Date: July 6, 2005
Offense Group: financial offenses
Primary Offense: investor protection violation
Secondary Offense: financial institution supervision failures
Violation Description: NASD fined Hornor, Townsend & Kent, Inc. of Horsham, PA, $325,000 for conducting prohibited sales contests for its brokers and managers, as well as for email and supervision violations.
Level of Government: federal
Action Type: agency action
Agency: Financial Industry Regulatory Authority
Civil or Criminal Case: civil
Source of Data: NASD Fines Hornor,Townsend & Kent, Inc., $325,000 for Improper Sales Contests, Email and Supervision Violations, PR Newswire, July 6, 2005 (via Nexis).
Notes: FINRA is a securities industry self-regulatory body authorized by the federal government. This case was handled by its predecessor, the National Association of Securities Dealers (NASD).
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.