Israels & Neuman, PLC Investigates Leland Whiting, Formerly with Hornor Townsend & Kent
Have you lost money with financial advisor Leland B. Whiting, formerly with Hornor Townsend & Kent in Salt Lake City, Utah? Leland Whiting was recently named as a defendant in an action related to the sales of Future Income Payments, which were purportedly income streams based on repackaging of income from pension plans. When Future Income Payments stopped making payments to investors in April 2018, it is feared that investors have suffered substantial losses.
Future Income Payments was run by a former convicted felon named Scott Kohn. It has been alleged that any basic due diligence would have uncovered his involvement, which would have been a red flag.
Leland Whiting was a registered representative of Hornor Townsend & Kent from April 2011 to March 2016. He also was affiliated with Whiting Management Co. He has worked at branch offices in Salt Lake City, Utah.
Brokerage firms like Hornor Townsend & Kent have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; and in Seattle, Washington. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Utah and throughout the Salt Lake City area, such as victims of the Dee Randall fraud. Our attorneys have represented over one thousand investors against many brokerage firms in the past.
Click to view: Whiting, Leland BrokerCheck 8.25.18
If you lost money with Leland Whiting or Hornor Townsend & Kent, please CONTACT US at 720-599-3505 for a free evaluation of your case.
Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.