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WARNING! Impending Investigation–JENNIFER TROWBRIDGE and ESSEX SECURITIES LLC

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Jan

WARNING! Impending Investigation–JENNIFER TROWBRIDGE and ESSEX SECURITIES LLC

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Jennifer Trowbridge and Essex Securities LLC

Have you lost money with financial advisor Jennifer Trowbridge from Boca Raton, Florida?  We are currently investigating allegations made by FINRA (the Financial Industry Regulatory Authority) made against Trowbridge. FINRA alleged that Jennifer Trowbridge made unsuitable recommendations to her customers to switch from Class “A” shares of one mutual fund to another.

“A” shares of mutual funds typically have upfront commissions of 2% to 5%, and Trowbridge was recommending that seven of her clients make at least 29 separate purchases in a short span (on average, every 6 months).  As such, these clients were paying 2% to 5% commissions on a short term basis, and FINRA alleged that this was excessive and unsuitable.  FINRA alleged that this violated its suitability rules (including former NASD Rule 2310 and current FINRA Rule 2111).  As part of this investigation, Jennifer Trowbridge was suspended from the securities industry for 2 months and had to pay a $10,000 fine.

Jennifer Trowbridge was a registered representative and financial advisor with Essex Securities LLC from January 2010 to September 2012.  She was also an advisor with Investors Capital Corp. from August 2005 to December 2009, and with Questar Capital Corp. from September 2012 to November 2014.  She is currently not affiliated with any securities brokerage firm.  She worked out of branch offices in Boynton Beach and Boca Raton, Florida.

Broker-dealers like Essex Securities, Investors Capital Corp., and Questar Capital Corp. have a responsibility to adequately supervise all representatives who are registered through their firm, including investments sold by their registered representatives.  Broker-dealers also must take steps to ensure that their financial advisors follow all securities rules and regulations, such as to refrain from excessively trading a customer’s account or switching mutual funds.  When broker-dealers fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

Our firm represents investors throughout the country who are victims of financial advisors’ negligence and fraud.  Our firm has offices in Denver and the Seattle-area, but we continue to represent investors throughout the U.S., including Florida.  Attorney David Neuman is also licensed to practice law in Florida.   If you have lost money with Jennifer Trowbridge and Essex Securities, and want to hear about ALL legal options, please visit https://www.israelsneuman.com/ and go to our CONTACT page or call us at 720-599-3505.

Click to view FINRA AWC:  Trowbridge FINRA AWC

Click to view Jennifer Trowbridge Broker Check:  Trowbridge BrokerCheck 1.29.15

 

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.
10.0David P Neuman

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