Broker-dealer Essex Censured and Fined for Alleged Unsuitable Mutual Fund Switches

Ponzi scheme attorneys

From February 2010 through March 2011, Essex Securities, LLC, a FINRA-registered broker-dealer since December 1998 headquartered in Topsfield, MA, allegedly engaged in a pernicious pattern of unsuitable mutual fund switching with the accounts of seven customers, using a representative known only as JT as its alleged wrongdoer, according to a FINRA Letter of Acceptance, Waiver… Read more »