Category Archives: Essex Securities LLC

MARTIN BRAUNSCHWEIG-FORMER INVESTORS CAPITAL CORP. BROKER-DISCLOSES CUSTOMER DISPUTES-JERICHO, NY

April 2017-Jericho, New York

According to publicly available records Martin R. Braunschweig, (CRD#2920359) ,  a  stockbroker who is currently registered with Essex Securities  discloses two prior customer disputes.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In FINRA case #15-03416 a customer of his prior employer Investors Capital alleged damages $1,732,052 for unsuitable investments.   The case was settled for $150,000.

Braunschweig  has been with Essex Securities since 8/2016. He was employed with Investors Capital from 7/2005-7/2016.

INVESTORS CAPITAL CORP. SUBJECT OF 21 REGULATORY MATTERS–CEASES OPERATIONS FALL 2016

Investors Capital Corp. withdrew its registration with FINRA in fall 2016. Investors Capital has been named in 21 regulatory matters and a number of customer arbitrations. For more information on Investors Capital Corp, follow this link. 

If you have questions about an account in an account handled by Martin Braunschweig contact us to discuss your legal options.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Investigation of Broker Jennifer Trowbridge-Essex Securities, Boynton Beach, FL

January 12, 2015- Boynton Beach, Florida

Jennifer J. Trowbridge  entered into a Letter of Acceptance, Waiver and Consent  (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that she made unsuitable sales and purchases in customer accounts and that she effected discretionary trades in a customer account.

According to the AWC, Trowbridge’s violative conduct includes:

  • Recommending mutual fund switches without having reasonable grounds for believing such transactions were suitable for the customer
  • Effecting discretionary trades, with the customer’s verbal consent, but without obtaining written consent

Trowbridge was suspended by FINRA for two months and fined $10,000.

According to FINRA records, Trowbridge is not currently registered. She  was previously registered as follows:

  • Questar Capital          9/2012-11/2014
  • Essex Securities           1/2010-9/2012
  • Investors Capital          8/2005-12/2009

FINRA Case # 2011025433902

Prior blog post re: :Jennifer Trowbridge. 

If you had an account with Jennifer Trowbridge that suffered losses due to unsuitable mutual fund switching, discretionary trading (trading without your permission) or for other reasons, you may be able to recover damages from the brokerage firm employing Trowbridge. Call to speak with an experienced securities attorney.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Essex Securities Sanctioned For Mutual Fund Switching

11/7/2014- Essex Securities, headquartered in Topsfield, MA, with 26 branch offices , submitted a Letter of Acceptance, Waiver and Consent (AWC) to settle allegations that the firm violated FINRA rules. No. 2011025433901.

Essex did not admit or deny the FINRA findings with include:

  • From February 2010 through March 2011, an Essex broker engaged in a pattern of unsuitable mutual fund switching in the accounts of seven customers causing the customers to pay excessive commissions
  • On 29 occasions the broker recommended that customers sell mutual funds that they had owned on average less than 6 months, using the proceeds to purchase other funds causing additional commissions to  be incurred
  • The firm lacked adequate systems to monitor for unsuitable mutual fund switching since their written procedures stated that mutual funds are to be sold as long term investments with a minimum holding period of 3 to 4 years.

Essex Securities was censured, ordered to pay a $20,000 fine and agreed to review its supervisory procedures regarding the sale of mutual funds.

If you believe your broker has excessively traded mutual funds in your account contact us to learn how you may be able to recover damages.

Rex Securities Law provides nationwide representation to investors seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Rex Securities Law

561 391 1900

Arbitration Filed vs. Essex Securities LLC & Jennifer Trowbridge Over Annuities

UPDATE January 30, 2015- Jennifer Trowbridge sanctioned by FINRA for mutual fund switching and discretionary trading. See this for details. 

July 9, 2014-Boynton Beach, FL

Rex Securities Law filed an arbitration claim with the Financial Industry Regulatory Authority (FINRA Case #14-02139) against Essex Securities LLC and former Essex Securities broker Jennifer Trowbridge on behalf of an 80 year old widow from Boynton Beach, FL, seeking damages in excess of $200,000.


In the Statement of Claim filed with FINRA, our client alleges that Essex Securities and Trowbridge , recommended annuities and other investments that were unsuitable given the age of our client and the failing health of her husband. It further alleges that too large a percentage of their liquid net worth was invested in annuities at the recommendation of Trowbridge and Essex and that Essex failed in its duty to supervise its broker/agent Trowbridge. Our client and her husband had been married for 59 years. 

Our client’s husband had been receiving treatment for bone cancer and dementia for more than a year prior to his death , and he passed away at age 81 only months after the questioned annuities were sold to them. 

Trowbridge was registered with Essex Securities from January 2010 to September 2012 and operated an office for Essex in Boynton Beach, FL. She was registered with Questar Capital from 9/2012-11/2014.

Visit our website  for more information on the recovery of investment losses through FINRA arbitration. 

We represent investors nationwide.

561-391-1900