Were You the Victim of Former Hornor, Townsend & Kent, Inc. Broker Alex Blanco
Posted on Wednesday, October 16th, 2019 at 10:12 am
Erez Law is currently investigating former Hornor, Townsend & Kent, Inc. broker Alex Blanco (CRD# 3146376) regarding unsuitable investment recommendations. Blanco has been registered with MML Investors Services, LLC in New York, New York since November 2017. Previously, Blanco was registered with Pruco Securities, LLC in Howard Beach, New York from January 2016 to September 2017, and previously with Hornor, Townsend & Kent, Inc. from 2011 to October 2016.
Blanco has been the subject of three customer complaints between 2011 and 2018, one of which was denied, according to his CRD report:
December 2018. “Clients allege the sales of unsuitable investments by former rep as well as overstating assets, and inadequate accounts to statement from HTK.” The customer is seeking $315,000 in damages and the case is currently pending. This case is regarding real estate securities and non-traded business development companies (BDCs).
May 2018. “Client alleges that the investments purchased in 2015 were not suitable and he is requesting to liquidate the account(s).” The case is currently pending. This case is regarding real estate securities.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Hornor, Townsend & Kent, Inc. may be liable for investment or other losses suffered by Blanco’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.