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  1. First Jersey. As a result of this penny stock scheme, Brennan became a target of the Securities and Exchange Commission. First Jersey itself went bankrupt in 1987 and Brennan was found guilty of securities fraud in 1994. He was ordered to pay $75 million to settle the fraud claims.

  2. Nov 8, 2013 · ASBURY PARK, N.J. -- Less than three years after he was released from prison, Robert E. Brennan found himself on familiar ground: working at Due Process Golf and Horse Stables in Colts Neck and...

  3. Sep 10, 2019 · Robert Brennan was born in New Jersey in 1944 and went on to set up First Jersey Securities in 1974, running it alongside two other brokerages Hibbard Brown and LC Wegard & Company. In...

  4. Jan 9, 2011 · Brennan's firms — First Jersey in the 1980s, then Hibbard Brown and L.C. Wegard through the '90s — were accused of selling the stocks, inflating the price and then selling shares before the...

  5. Aug 30, 2000 · August 30, 2000 • 6 min read. The news stories earlier this month about Robert Brennan, former head of the infamous First Jersey Securities brokerage and frequent target of SEC probes, raises anew the question: Why has Brennan never faced criminal charges for securities fraud?

  6. Jun 29, 1999 · Robert E Brennan, former New Jersey financier and head of First Jersey Securities, whose prominent philanthropy and love of horse racing turned out to have been financed by stock fraud,...

  7. Aug 1, 2006 · Robert Brennan. Founded First Jersey Securities in 1974. Eventually employed 1,200 brokers in 70 offices. The SEC closed First Jersey down in 1987, and in 1994 Brennan was found guilty...

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