Category Archives: Hornor Townsend & Kent

Mark A. Kemp Investigation-McNally Financial Services Broker-Corpus Christi, TX

June 2017 – Corpus Christi, Texas

According to publicly available records Mark A. Kemp  (CRD#2057200) ,  a  stockbroker who currently works for San Antonio-based McNally Financial Services Corp.  discloses a prior regulatory event, 7 prior customer disputes and 2 terminations from employment.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

IN 4/2012, Kemp was fined $5,000 and suspended five days by FINRA to resolve allegations that in 11/2009 while employed by NEXT Financial Group, he mismarked seven order tickets for a penny stock as unsolicited when, in fact, they were solicited. FINRA Case 2009018570501.

Prior customer disputes against Mark A. Kemp resulting in the payment of compensation include:

  • FINRA Case 9-5086-While employed by Hornor, Townsend and Kent a customer sought damages of $320,000 and alleged that Kemp engaged in unauthorized trading and recommended unsuitable securities and annuities inconsistent with their financial situation, risk tolerance and investment objectives. That case settled for $43,000.
  • FINRA Case 9-03476-A customer of Hornor, Townsend and Kent sought damages of $538,900 alleging that Kemp misled them about suitable strategies and investments, engaged in unauthorized transactions and failed to follow their directions. The case settled for $145,000.
  • Nueces County, TX,  Case 00-4498C- a group of customers of MONY Securities Corporation alleged that Kemp and others were engaged in the sale stock in Worldhome Industries. The customers alleged that none of the funds they invested went to the compan. That case was settled for $1,133,000.

Kemp has been employed  by McNally Financial Services since 4/2010.  He was previously employed by NEXT Financial Group, Hornor, Townsend & Kent and MONY Securities. Kemp discloses a business affiliation with Kemp Financial Services in Corpus Christi, TX.

In 11/1998 Kemp was discharged by MONY Securities who alleged that Kemp participated in selling of private, non approved, securities, “selling away”.

In 11/2009 Kemp was discharged by NEXT Financial Group who made the following allegation on Kemp’s FINRA record: “Solicitation of penny stock in violation of firm policy and failure to observe high standards of commercial order and equitable principal trade.” Kemp indicated on FINRA records that he was discharged because it was alleged that he solicited a penny stock against firm policy.

If you have losses in an account handled by Mark A. Kemp, you may be able to recover damages from his employer through FINRA arbitration. Call to discuss your options.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Jeffery A. Vaughn-Former Hornor, Townsend, Kent Broker-Named in FINRA Complaint

July 2016-Horsham, PA

The FINRA records of Jeffery A. Vaughn  , a  currently unlicensed stockbroker who was  most recently employed by  Hornor, Townsend & Kent  disclose a pending regulatory event, 2 prior regulatory events and a termination from employment.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In July 2016, FINRA filed an amended complaint in proceeding #2013037097602 against Vaughn alleging that he failed to timely respond to FINRA requests for information, that he willfully caused the filing of false and misleading disclosure information and that he provided false information to his firm Hornor, Townsend & Kent by failing to report two unsatisfied Ohio state tax liens.

Jeffery A. Vaughn was employed by Hornor, Townsend & Kent from 5/2014-3/2016. In February 2016 Vaughn was discharged by Hornor Townsend & Kent who alleged: ” registered representative was terminated for failing to disclose a Consent Order he executed with the Ohio Insurance Department when he joined the firm.”

Prior to that he was employed by Commonwealth Financial Network from 11/2005-5/2013.

Investors who have questions about how their account has been handled should call to discuss your options.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Brian M. White -Former Hornor/Townsend/Kent Broker-Barred from Securities Industry-Woodlands, TX

June 30, 2015

A FINRA Department of Enforcement Hearing Panel made a decision that Brian Michael White engaged in undisclosed outside business activities and  provided false testimony to FINRA staff in connection with an investigation.

He was barred in all capacities from associating with any FINRA member and ordered to pay hearing costs.

According to the decision White engaged in an undisclosed business activity though an entity named SMW Ventures, LP, a Texas limited partnership.

Disciplinary Proceeding No. 2012033128703

According to  FINRA records, White was registered with Hornor, Townsend & Kent in Houston 9/2012-10/2013. Prior to that he was registered with AXA Advisors in the Woodlands, Texas, 12/2008-8/2011.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Ralph Pence of Hornor, Townsend & Kent Sanctioned by Securities Regulator

October 7, 2014-Coppell, Texas 

Ralph Irwin Pence entered into a Letter of Acceptance, Waiver and Consent  (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that he engaged in two outside business activities without notice to his employing firm, Hornor, Townsend & Kent, a subsidiary of the Penn Life Mutual Life Insurance Co. Case # 20130348482601.

According to the AWC, Pence sought approval from his firm to engage in the business of Wealth Advisor’s Trust Company which was denied twice (2008 & 2012). Despite the denials, Pence remained active with that company.  In 2012 Pence requested approval to engage in the business of another company, Wealth Concepts High Impact Marketing, which was also denied, however Pence continued to remain active with that company.

In annual compliance questionnaires from his firm, Pence denied involvement in any retail or wholesale merchandising or services which was inaccurate.

Pence was fined $5,000, suspended from the securities industry for 6 months.

According to FINRA records, Pence was registered with Hornor, Townsend & Kent  from 2/2001-10/201e in Coppell, Texas.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870