Jennifer Trowbridge—Unsuitable Sales Allegations
Jennifer J. Trowbridge Accused of Unsuitable Investment Recommendations to Customers
Jennifer J. Trowbridge, from in or about February 2010 to March 2011, allegedly made unsuitable recommendations and effected unsuitable sales and purchases in seven customer accounts, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC).
During the aforementioned time period, Trowbridge, who worked at Essex Securities LLC from January 11, 2010 through September 4, 2012, allegedly put into effect discretionary trades in the accounts of at least one of her customers with said customer’s verbal consent, but not before obtaining written authorization from the customer and without Essex’s acceptance of the accounts as discretionary, according to the AWC.
Jennifer J. Trowbridge Recommended a Series of Mutual Fund Switches; Suspended by FINRA and Fined $10,000
Jennifer J. Trowbridge, from in or about February 2010 to March 2011, allegedly recommended a series of mutual fund switches in seven customer accounts without having proper and reasonable grounds for believing that such transactions were suitable for those investors in view of the nature of their recommended transactions, how often they executed transactions, and the transaction costs incurred, according to the AWC.
On at least 29 occasions, the AWC further alleges, Trowbridge recommended that the customers purchase Class A mutual funds, for which they paid commissions and front-end sales charges. She then recommended that the customers sell said Class A mutual funds within only one month to thirteen months after purchasing them.
As a result of her alleged misconduct, Trowbridge is facing a suspension from associating with any FINRA member firm in any and all capacities for a period of two months, and a $ 10,000 fine from FINRA, the AWC notes.
The Peiffer Wolf Carr & Kane Investor Rights Attorneys Often Represent Investors
The Peiffer Wolf Carr & Kane investor rights attorneys often represent investors who lose money as a result of investment misconduct. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.
Investors who believe they lost money as a result of investment misconduct may contact the investor rights attorneys at Peiffer Wolf Carr & Kane, Jason Kane or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at (585) 310-5140.
Broker: Jennifer J. Trowbridge
Status: INVESTIGATED by Peiffer Rosca.
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