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Broker Complaints: Essex National Securities, LLC (CRD# 25454)

The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding the California-based brokerage and advisory firm Essex National Securities, LLC (CRD# 25454).

Formed in Delaware in 2012, Essex National Securities is headquartered in Napa, California and registered in 52 US states and territories. Davis Scott Kelso is Chairman, Chief Executive Officer, and President; John Michael Cooney is Chief Compliance Officer, Chief Operating Officer, Chief Financial Officer, and Treasurer; Warren Geddes is Senior Vice President; Ella Sankisov is Financial and Operations Principal.

According to the firm’s BrokerCheck report, Essex National Securities is the subject of five regulatory sanctions.

In 2007 the Louisiana Department of Insurance sanctioned Essex National Securities following allegations the firm failed to failed to disclose two Acceptance, Waiver, and Consent (AWC) orders entered into the National Association of Securities Dealers (NASD) between 2003 and 2005. Essex National Securities was issued a fine of $1,000.

In 2005 the NASD sanctioned Essex National Securities following allegations the firm failed to creative a reserve bank account for the processing of customer checks and made commission payments to non-member third party insurance agencies. Essex National Securities was censured and issued a fine of $60,000.

In 2003 the NASD sanctioned Essex National Securities following allegations the firm allowed individuals to engage in securities transactions while they were not properly registered with the NASD. Essex National Securities was censured and issued a fine of $25,000.

In 1999 the NASD sanctioned Essex National Securities following allegations, among others, the firm participated in an initial public offering in violation of its restriction agreement with the NASD. Essex National Securities was censured and issued a fine of $20,000.

If you have lost money investing with Essex National Securities, you may be entitled to recover your losses. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on contingency: Fitapelli Kurta only gets paid if and when you recover money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.