Securities Lawyers Blog
Brokerage firms such as Essex Securities LLC have a duty to supervise their financial advisors and to recommend only investments that are suitable for their customers. When a firm breaches that duty through negligent supervision, overconcentration, excessive investment risk, or misrepresentation, investors have the right to bring a claim against the brokerage firm. The broker misconduct attorneys at Gana Weinstein LLP represent investors in these claims and can evaluate whether your investment losses were caused by misconduct.
Essex Securities is a full-service broker-dealer that provides brokerage and investment advisory services to retail investors through individual, joint, custodial, trust, IRA, 529, and annuity accounts. Organized in Massachusetts in 1994, the firm is now based in New Jersey and is a member of FINRA, the MSRB, and SIPC.
Essex Securities LLC – By the Numbers:
- CRD #: 46605
- Regulatory Events: 3
- Broker Employees: 9
Essex Securities LLC – In the News:
FINRA v. Essex Securities LLC (Case #2016047573901) – From at least June 30, 2014 through December 31, 2016 (the “Relevant Period”), Essex failed to maintain a complete and accurate purchase and sale blotter. The Firm also failed to establish, maintain and enforce a supervisory system and written supervisory procedures reasonably designed to supervise the outside business activities and outside securities accounts of its registered representatives. Finally, Essex failed to inspect and register branch offices. As a result, Essex violated Section 17(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) and Exchange Act Rule 17a-3; FINRA By-Laws Article IV, Section 8(a); NASD Rule 3010; and FINRA Rules 4511, 3110, 3270 and 2010.
You do not have to accept investment losses caused by broker negligence or fraud. Gana Weinstein LLP represents investors, including customers of Essex Securities LLC, in FINRA arbitration and in state and federal court, our consultations are free, and we welcome all inquiries.