The Financial Industry Regulatory Authority (FINRA) is the largest independent regulator for all securities firms doing business in the United States. FINRA’s chief role is to protect investors by maintaining the fairness of the U.S. capital markets.
All stockbrokers and broker dealers (brokerage firms) are required to be licensed by and subject to the rules and regulations of FINRA. Each month FINRA publishes disciplinary actions against brokers and broker dealers. Discipline can range from monetary fines and suspensions, or in extreme cases, revocation of licensing and a bar from the securities industry.
See the FINRA website for current and historical disciplinary actions.
Anthony David Brentin (CRD #5550765, Registered Principal, Longview, Washington-not currently registered, formerly with PFS Investments, Inc. ) submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the
findings, Brentin consented to the described sanction and to the entry of findings that Brentin falsely led an individual to believe that
she was giving him $5,000 as a contribution to support his city council campaign and to cover expenses such as the cost of campaign signs.
At the time, there was a pending court judgment finding Brentin and his wife liable for approximately $4,800 in unpaid rent and utilities for their former residence that they owed to their landlord. Brentin used the $5,000 that the individual had given him to satisfy the judgment and paid his back rent and utility bills. In obtaining $5,000 from the individual, Brentin took advantage of the individual, who was susceptible to being manipulated based on her age and medical condition.
The findings stated that Brentin was charged with felony theft in
his state based on his obtaining $5,000 from the individual by deceiving and taking advantage of the individual, who was deemed a vulnerable person under state law. Brentin was convicted of that charge after a jury trial and sentenced to six months incarceration. (FINRA Case #2012031369201)
If you have questions about investment losses or the way your brokerage account has been handled, please contact us to discuss your legal rights.
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.
561 391 1900