Tom Brenner, a registered representative from Orrville, Ohio, formerly with First American Securities, Inc., was barred from FINRA membership as a result of an investigation into his connection to selling private investment offerings. Brenner entered into an acceptance, waiver and consent agreement with FINRA, in which he neither admitted nor denied the findings, and was barred.
In July 2017, Brenner agreed to the suspension and FINRA published its findings that Brenner sold multiple different private placements to his fellow Ohioans. FINRA also found that Brenner misled these customers by telling them they couldn’t contact the private placement sponsors to recover their investments. These sponsors were purported to have private and business relationships with Brenner.
Tom Brenner’s registration and disciplinary history
In order to lawfully sell investments to the public, one must either be registered or exempt from registration.
Tom Brenner was registered with First American Securities, Inc. from November 2011 to June 2016 and Capstone Financial Group, Inc. from August 2010 to November 2011.
According to FINRA’s CRD disclosure report, Brenner has been the subject of two judgement liens and two regulatory investigation.
FINRA is the primary regulator for broker dealers and registered representatives in the United States. FINRA’s role is to promulgate standards and practices for the brokerage industry and to ensure compliance with its rules by licensed entities and individuals.
FINRA has two primary ways to ensure compliance with the securities laws: by means of an enforcement unit that investigates and disciplines wrongdoing, and through the establishment of an arbitration forum where investors can resolve disputes against broker dealers. FINRA’s arbitration forum, FINRA Dispute Resolution Inc. is the largest arbitration forum in the country for resolving investor disputes, and typically processes over 10,000 filings annually.
The Law Office of David Liebrader practices exclusively in the field of investment loss recovery. For the past 24 years, we have dedicated our law practice to assisting investors who have been victims of investment fraud via unlawful and unsuitable investment transactions. During that time, we have recovered money for over one thousand individuals, pension plans, trusts, and companies. The recoveries we have obtained via judgments, awards and settlements on behalf of our clients exceed $40,000,000.
If you suspect that you have been the victim of investment fraud, or had a financial advisor recommend unsuitable investments to you, call us today for a free, confidential consultation at (702) 380-3131.