Alex Blanco, Formerly of Hornor Townsend & Kent, Inc., Facing Allegations of Unsuitable Investments

Alex Blanco is the subject of multiple customer disputes alleging that he recommended unsuitable investments.

The Sonn Law Group is investigating allegations that Alex Blanco committed misconduct. Under FINRA Rules, brokerage firms are liable for their brokers’ misconduct or negligence and investors may be able to their investment through FINRA arbitration. Contact Sonn Law Group today or call us at 866–827–3202 for a free consultation.

Alex Blanco (CRD#:3146376) is currently registered with MML Investors Services. He was a broker for Hornor, Townsend & Kent, Inc. from 2011 until 2016.

Blanco has been the subject of three customer disputes throughout his career. Two of them have been denied, and the most recent dispute is pending.

According to his BrokerCheck report, Blanco has faced the following allegations:

• 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 was denied. This case is regarding real estate securities.
• July 2011 — The complainant alleged that, “he was misled in the creation of a retirement plan, which included a separate IRA funded by a variable annuity as well as a separate whole life policy.” This case was denied.

Jeffrey R. Sonn is an experienced investor losses attorney. If you suffered losses because a financial professional committed acts in violation of FINRA Rules, Mr. Sonn will protect your rights and interests. Please do not hesitate to contact the Sonn Law Group today for a free review of your claim.