Articles Tagged with Hornor

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Gregory Osterland (Osterland), currently associated with Hornor, Townsend & Kent, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Osterland recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $57,672.00 on April 21, 2020.

Client alleges that the purchase of two variable annuities and a life insurance policy were not suitable and in her best interest. The client is requesting a waiver of the surrender charges for both annuities and the return of the total premium paid on the fixed life insurance policy.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Leland Whiting (Whiting), previously associated with Hornor, Townsend & Kent, INC., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Whiting recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $257,509.00 on June 15, 2020.

INRA arbitration alleging that HTK registered representative Leland Blair Whiting sold unregistered securities issued by Future Income Payments, LLC. It claims ‘at least $257,509′ actual damages, benefit of the bargain damages, model portfolio damages, lost opportunity costs, unspecified punitive damages, interest, costs and attorneys’ fees. The causes of action are Violations of Federal Securities Laws (sale of unregistered securities and fraud); Violations of Utah Securities Act (sale of unregistered securities, unsuitability, misrepresentation, and omission of material fact); Violations of Idaho Securities Act (sale of unregistered securities, unsuitability, misrepresentation, and omission of material fact)Violation of the Idaho Consumer Protection Act; Breach of Contract; Common Law Fraud; Breach of Fiduciary Duty; Negligence and Gross Negligence.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Sam Paolini (Paolini), previously associated with Hornor, Townsend & Kent, INC., has at least one disclosable event. These events include one customer complaint, alleging that Paolini recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $141,222.00 on November 13, 2020.

Client alleges that she was pressured into purchasing a whole life insurance policy by the former financial professional and is requesting a return of the total premiums paid. The client also alleges that she gave the financial professional checks payable to the financial professional for outside investments, and has been reimbursed in full.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Edward Morrissey (Morrissey), currently associated with Hornor, Townsend & Kent, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Morrissey recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on December 30, 2025.

Customers allege misrepresentations and failure to exercise reasonable care regarding indexed universal life insurance policy in late 2020 or early 2021.

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Previously financial advisor Jerrold Borrowman (Borrowman), previously employed by brokerage firm Hornor, Townsend & Kent, INC. has been subject to at least one disclosable event. These events include one customer complaint. According to a BrokerCheck reports most of the recent customer complaints concern either corporate debt securities or alternative investments such as direct participation products (DPPs) like business development companies (BDCs), non-traded real estate investment trusts (REITs), oil & gas programs, annuities, and private placements.  The attorneys at Gana Weinstein LLP have represented hundreds of investors who suffered losses caused by these types of high risk, low reward products.

FINRA BrokerCheck shows a settled customer complaint on March 08, 2021.

The FINRA action alleges that the former Registered Representative recommended unsuitable investments for his IRA portfolios (REITs). It alleges violations of FINRA Broker-Dealer rules, violation of FINRA Rule 3010, breach of fiduciary duty, negligence, fraudulent and negligent misrepresentations, and liability under the doctrine of Respondeat Superior. It claims losses of principal, interest, commissions and fees, loss of income if managed properly, attorneys’ fees, costs and other expenses, and interest, all other sums Claimant is entitled to at law or equity, and punitive damages.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Paula Petersen (Petersen), currently associated with Hornor, Townsend & Kent, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Petersen recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on October 28, 2025.

The client alleges that the Variable Universal Life Product he purchased in November 2021 was unsuitable.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Anthony Dibernardo (Dibernardo), previously associated with Hornor, Townsend & Kent, INC., has at least one disclosable event. These events include one customer complaint, alleging that Dibernardo recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $70,000.00 on May 24, 2022.

Negligence, misrepresentation, misguided information and lack of advice provided which placed client in a compromising situation.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Anthony Dibernardo (Dibernardo), previously associated with Hornor, Townsend & Kent, INC., has at least one disclosable event. These events include one customer complaint, alleging that Dibernardo recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $70,000.00 on May 24, 2022.

Negligence, misrepresentation, misguided information and lack of advice provided which placed client in a compromising situation.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Llewellyn Rowell (Rowell), currently associated with Hornor, Townsend & Kent, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Rowell recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $214,122.36 on March 03, 2023.

The client alleges that the variable annuity purchased in February of 2013 was an unsuitable recommendation and investment for his client’s tax-qualified funds, and a breach of ficudiary duty.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker William Huff (Huff), currently associated with Hornor, Townsend & Kent, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Huff recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $130,000.00 on April 03, 2023.

Unsuitable investment

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