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Charles Wodrich Fired from Hornor, Townsend, & Kent Following Allegations of FINRA Rule Violations

Sep 8, 2022 Fired Brokers

Charles Wodrich (CRD #: 2715728) has been fired by Hornor Townsend & Kent following allegations, according to his BrokerCheck record, accessed on September 8, 2022. Investors who have worked with this broker should review their account statements and keep reading for more details. 

On August 11, 2022, Hornor, Townsend, & Kent fired Charles Wodrich following allegations that he had violated the firm’s procedures, including the following:

  1. Client Communication. He allegedly used an unapproved email address to communicate with clients. Under FINRA Rule 3110, brokers can only communicate with investors using channels that the firm can supervise.
  2.  Use of Discretion. FINRA Rule 3260 prohibits unauthorized trading. Brokers must receive customer authorization before executing a trade unless they are trading in a discretionary account. Discretionary accounts must be approved by both the firm and the investor.
  3. Failure to Timely Forward a Client Complaint. Brokers are required to report any investor complaints to their firm in a timely manner. 

If you have any questions regarding your accounts with Charles Wodrich, do not hesitate to contact a securities attorney. Our investor lawyers can help you recover your losses through FINRA arbitration or FINRA mediation – most investors sign an agreement with their brokerage firm affirming they will pursue FINRA arbitration instead of a civil claim in the event of a dispute. 

Background Information 

Charles Wodrich has passed the following exams: 

  • Series 66 Uniform Combined State Law Examination 
  • Series 64 Uniform Securities Agent State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 
  • Series 6 Investment Company Products/Variable Contracts Representative Examination

He has worked with the following firms: 

  • Hornor Townsend & Kent (CRD #: 4031) 
  • Brokers International Financial Services (CRD #: 139627) 
  • Equitrust Marketing Services (CRD #: 5309) 
  • Thrivent Investment Management (CRD #: 18387) 

Kurta Law Can Help

If you worked with Charles Woldrich and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means the firm only earns a fee if our securities attorneys recover money on your behalf.