FINRA suspends Thomas Brenner over private securities transactions.
In September, 2016, the Financial Industry Regulatory Authority (“FINRA”) announced that Thomas Brenner of Orrville, Ohio, a registered representative formerly with First American Securities submitted an acceptance, waiver and consent letter whereby he was suspended from association with any FINRA member in any capacity for sixteen months and ordered to pay nearly $200,000. The FINRA complaint asserted that Thomas Brenner participated in two private securities transactions away from the firm, without obtaining permission from First American Securities. FINRA found that Thomas Brenner participated in two separate private securities offerings, one involving notes from a medical receivables company. FINRA found that Brenner’s statements to the investors were not fair and balanced, and contained misleading exaggerated and unwarranted representations.
Registration and disciplinary history