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.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.