Benjamin Kevin Chappell of Salt Lake City Utah a stockbroker registered with Hornor Townsend Kent Inc. has been discharged by the firm on January 12, 2018 founded on allegations of unauthorized trading having been effected in a customer’s account.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Chappell is referenced in two customer initiated investment related disputes containing accusations of his wrongdoing while employed with Hornor Townsend & Kent Inc.
Particularly, a customer initiated investment related complaint regarding Chappell’s conduct was resolved for $22,992.40 in damages supported by allegations that unsuitable recommendations had been made to the customer concerning the transfer of the customer’s life insurance policy.
Then, on March 12, 2018, another customer initiated investment related complaint concerning Chappell’s activities was settled for $13,006.40 in damages based upon accusations that the customer’s variable annuity sub-account funds had been transferred without the customer having known or consented to the transaction.
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