Last Updated: July 2025 — Chicago, IL
Here’s what you need to know about Chicago, IL, stockbroker Brent Allen Penrose:
- Name: Brent Allen Penrose
- CRD Number: 5464292
- Current Employer: Northern Trust Securities, Inc.
- Function: Stockbroker / Financial Advisor
- Previously Registered With: J.P. Morgan Securities LLC, UBS Financial Services Inc., HSBC Securities (USA) Inc., Wells Fargo Clearing Services, LLC, Wells Fargo Investments, LLC, LaSalle Financial Services, Inc.
- Primary Location: Chicago, IL
- Can Brent Penrose be sued in FINRA arbitration? Yes
- Sanctioned by FINRA? No
- Pending Customer Dispute? Yes
If you’ve sustained damages from Mr. Penrose, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Brent Allen Penrose As Your Stockbroker?
In June 2025, a customer dispute was filed against Brent Allen Penrose in connection with investment activities while he was employed by UBS Financial Services Inc. The FINRA arbitration alleges that between November 11, 2024, and April 29, 2025, Mr. Penrose misrepresented the terms of certain alternative investments (hedge funds) by assuring the client that the investments would be called within a year. The client claims this created a liquidity issue, as the funds remained tied up beyond the stated timeframe, preventing other investment opportunities. A specific amount of has not yet been specified.
This case is pending and involves potential violations of FINRA Rule 2111 (Suitability Rule), which requires brokers to ensure that recommendations are suitable for the customer, and FINRA Rule 2010 (Standards of Commercial Honor and Just and Equitable Principles of Trade).
Alternative Investments: These are assets that are not stocks, bonds or cash. Alternative investments generally fall within five categories: hedge funds, private capital, natural resources (oil and gas, energy), real estate (REITs) and infrastructure. They are typically less liquid that conventional investments, less regulated with higher fees and generally higher risk. For more investigations involving Alternative Investments, see this.
Allegations of Broker Misconduct Against Brent Allen Penrose
Brent Penrose has been named in the following allegations of misconduct:
- Misrepresentation of Investment Terms
- Unsuitable Investment Recommendations
- Failure to Disclose Risks
- Creating Liquidity Issues for Client Investments
Recover Your Investment Losses Now With Rex Securities Law
Our Investigations of other J.P. Morgan Brokers
Our Investigations of other UBS Financial brokers
If you have suffered investment losses in an account handled by Brent Allen Penrose, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.