Victim of Financial Fraud? Call Now
Home » Broker Blog » Investor Alleges Brent Penrose Misrepresented Alternative Investments

Investor Alleges Brent Penrose Misrepresented Alternative Investments

Securities Lawyer Jonathan Kurta
By: Jonathan Kurta Author
October 16, 2025 at 12:51am

Brent Penrose (CRD #: 5464292), a broker registered with Northern Trust Securities, allegedly made misrepresentations, according to his BrokerCheck record, accessed on September 20, 2025. If you have questions about his alleged conduct as a broker, keep reading.

Investor Dispute

On June 4, 2025, an investor alleged that Brent Penrose misrepresented the terms of certain alternative investments, including that they would be called within a year. This dispute is currently pending.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of manipulation, deception, and other fraudulent methods to influence the purchase and sale of securities. Misrepresenting an investment’s risks, requirements, or other features violates this rule.

Background Information

Brent Penrose has passed the following exams:

  • Securities Industry Essentials Examination – SIE
  • General Securities Representative Examination – Series 7
  • Investment Company Products/Variable Contracts Representative Examination – Series 6
  • Uniform Combined State Law Examination – Series 66
  • Uniform Securities Agent State Law Examination – Series 63

Brent Penrose is a registered broker in 15 states.

He has also worked for the following firms:

  • J.P. Morgan Securities (CRD#:79)
  • UBS Financial Services (CRD#:8174)
  • HSBC Securities (USA) (CRD#:19585)
  • Wells Fargo Clearing Services (CRD#:19616)
  • Wells Fargo Investments (CRD#:10582)
  • Lasalle Financial Services (CRD#:20373) 

Kurta Law Can Help

If you worked with Brent Penrose and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. 

 

Recent Results

$16.75M

Million

Recovery for ARC NYC REIT Investors
Learn More
Kurta Law recovered millions of dollars for investors who purchased the speculative and unsuitable ARC NYC REIT. The arbitration settled for substantially more than the investor losses.

Recent Results

$9.3M

Million

Investors Receive Award for More than their Losses
Learn More
Jonathan Kurta was able to recover over $9.3 million for a group of defrauded investors. The claims were based upon the brokerage firm’s failure to supervise a stockbroker who stole client funds and then prepared and disseminated fake account statements for decades.

Recent Results

$7.1M

Million

Elderly Victims Recover After a Decade of Fraud
Learn More
Jonathan Kurta represented a group of elderly women who were the victims of a financial crime perpetrated by a rogue broker. The broker utilized forged documents to steal funds from the clients’ accounts over a decade.

Recent Results

$4.2M

Million

Investor vs. Royal Alliance
Learn More
Jonathan Kurta represented an investor who alleged that Royal Alliance Associates had not fulfilled their supervisory duties. This allegedly allowed brokers to engage in conversion and RICO violations. Read a copy of the award here.

Recent Results

$1M

Million

Utah Firm Executed Unnecessary Transaction
Learn More
A FINRA panel sided with Kurta Law and found that a Utah brokerage firm executed unnecessary transactions in order to generate more commissions. Read a copy of the award here.

Recent Results

$2M

Million

Arizona Investors Options Trading Scam
Learn More
Kurta Law negotiated a $2 million settlement on behalf of Arizona investors who were defrauded in an options trading scam.

Categories