FINRA Arbitration Filed Vs. Essex Securities and Jennifer Trowbridge—Boynton Beach, Florida
July 10, 2014 Business News(PRLEAP.COM) July 10, 2014 - Boca Raton, 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.
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