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Robert Rex
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This blog is written by Robert H. Rex, Esq. who is a securities attorney and a passionate advocate for investors rights. With over 30 years of legal experience, 25 of which have dealt almost exclusively with the recovery of stockmarket and investment losses for mostly elderly clients, he and his... More
My company:
Rex Securities Law
My blog:
Rex Investment Loss Recovery Blog
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  • Investigation Of 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 , located in Boca Raton, FL, 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.

    Rex Securities Law

    561 391 1900

    Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Jan 30 11:09 AM | Link | Comment!
  • Options For Investors To Recover Losses On Oil&Gas Master Limited Partnerships (MLPs)

    January 2, 2015

    If you have suffered losses on oil and gas master limited partnerships (MLPs) as a result of the recent plunge in price of crude, you may be able to recover those losses if the recommendation made for you to invest is deemed to be unsuitable.

    FINRA Rule 2111 requires that a stock broker person "have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer, based on the information obtained through the reasonable diligence of the [firm] or associated person to ascertain the customer's investment profile."

    If you are retired and living on fixed income some of these investments may not have been suitable for your level of risk tolerance.

    Oil & gas master limited partnerships have plummeted in value since oil's retreat from over $100/bbl to the current mid $50/bbl valuation. For example as of January 2, 2015, some examples of the losses suffered in some popular oil and gas MLPs:

    • Memorial Production Partners down 40% to $14.59
    • EV Energy Partners down 51% to $19.27
    • Vanguard Natural Resources down 53% to $15.07
    • Breitburn Energy Partners down 68% to $7.00
    • Linn Energy down 69% to $10.13

    Contact us to learn more about your legal options.

    Rex Securities Law , located in Boca Raton, FL, 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.

    Rex Securities Law

    561 391 1900

    Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Jan 08 9:53 AM | Link | Comment!
  • Rex Securities Law Files FINRA Arbitration Vs. Source Capital Group On Behalf Of Elderly Couple

    January 7, 2014-Flushing, New York

    Rex Securities Law filed an arbitration with the Financial Industry Regulatory Authority (FINRA) on behalf of a married couple in their mid to late 80's from Flushing, New York, against broker dealer Source Capital Group, Inc.

    The claim which seeks damages in excess of $250,000, alleges that Donald Saccomano, a registered representative with Source Capital over traded the account and sold the couple unsuitable investments, including a high risk and speculative investment Greenbacker Renewable Energy Company.

    Rex Securities Law , located in Boca Raton, FL, 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.

    Rex Securities Law

    561 391 1900

    Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Jan 08 9:46 AM | Link | Comment!
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