Securities Arbitration Investment Fraud Lawyers » Investment and Regulatory News » Hornor Townsend Kent Settles FINRA Arbitration Claim Over Bad Investment Recommendations

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Ryan Thomas Fleming of Bellevue, Washington, a stockbroker formerly registered with Hornor Townsend Kent LLC, is referenced in a customer initiated investment related FINRA securities arbitration claim that was settled for $50,000.00 in damages based upon accusations that Fleming made unsuitable recommendations, breached a fiduciary duty, and acted negligently with regard to the recommendation and sale of direct investments when Fleming was associated with Hornor Townsend Kent LLC. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-04062 (June 23, 2022).

This is not the first time that Fleming has been referenced in a customer initiated investment related dispute concerning Fleming’s activities in the securities industry. FINRA Public Disclosure shows that Fleming is referenced in a customer initiated investment related complaint on July 7, 2022, where the customer sought compensatory damages based upon allegations that Fleming made misrepresentations and unsuitable transactions in connection with the sale of non-traded business development companies during the time that Fleming was associated with Hornor Townsend Kent LLC.

On September 13, 2021, another customer initiated investment related FINRA securities arbitration claim involving Fleming’s conduct was settled for $85,000.00 in damages based upon accusations that Fleming made unsuitable recommendations with regard to the sale of real estate investment trusts and direct investments during the period that Fleming was associated with Hornor Townsend Kent LLC. FINRA Arbitration No. 20-02586.

Fleming’s stockbroker and investment adviser representative registrations with Hornor Townsend Kent LLC were terminated on November 2, 2020. Fleming has been registered with Royal Alliance Associates Inc. since October 30, 2020.