Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Charles Wodrich (Wodrich), previously associated with Hornor, Townsend & Kent, LLC, has at least one disclosable event. These events include one regulatory event, alleging that Wodrich recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a final customer complaint on May 30, 2024.
Wodrich was named a respondent in a FINRA complaint alleging that he failed to produce documents and information requested by FINRA in connection with its investigation into whether he had made unsuitable recommendations and provided misleading information to a senior customer, whether he engaged in discretion without written authorization in that customer’s account, and whether he had communicated with customers using a personal email address that was not monitored or retained by his member firm. The complaint alleges that Wodrich’s failure to provide the requested information and documents impeded FINRA’s investigation. The complaint also alleges that Wodrich failed to appear for on-the-record testimony requested by FINRA. Wodrich’s testimony was material to FINRA’s investigation. Wodrich’s failure to provide on-the-record testimony impeded FINRA’s investigation.