Violation Tracker Individual Record
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.
NASD Fines Hornor,Townsend & Kent, Inc., $325,000 for Improper Sales Contests, Email and Supervision Violations, PR Newswire, July 6, 2005 (via Nexis).
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).