Robert E. Brennan

Robert E. Brennan

Visionary · Entrepreneur · Philanthropist

Robert E. Brennan’s story is one of relentless drive, controversy, and resilience. Born in 1944 in Newark, New Jersey, one of nine children in a family that often relied on city pantries and hand-me-downs, his early struggles forged a determination that propelled him to remarkable heights. From those beginnings he would go on to become a Wall Street innovator, a race-horse industry trailblazer, and eventually the subject of a decade-long federal saga that tested every fiber of his perseverance.

Brennan founded First Jersey Securities, a firm that redefined investment in high-risk, emerging companies and gave thousands of individual investors access to opportunities previously reserved for institutions. At its height, his enterprises employed over 10 000 people. In horse racing, he broke barriers, modernizing an industry steeped in tradition and resistance to change. Whether negotiating with executives, governments, or generational gatekeepers, Brennan thrived on risk and innovation.

His influence reached beyond finance. He served on university and hospital boards and contributed millions to education and medical research. Throughout the 1980s and 1990s, he was a fixture in national media — praised by some as a visionary, criticized by others for his defiance of authority — but always a figure impossible to ignore.

Brennan’s circle included Presidents Richard Nixon, Ronald Reagan, and George H. W. Bush, along with Pope John Paul II. His friendships with Hall of Fame coaches Bill Parcells and Mike Krzyzewski reveal a man passionate about competition, loyalty, and the pursuit of excellence. Even in his darkest years — through a prolonged legal battle with the SEC and a 10-year federal prison term — he displayed the same relentless energy that once drove his empire.

“My happiness is not dependent on acquiring what I want and doing what I like. It is based on dealing with the cards dealt, appreciating what I need, and learning to like what I need to do.” — BRENNAN: The Record Stands

His memoir, BRENNAN: The Record Stands, written with disarming honesty and introspection, chronicles the rise, fall, and redemption of a man who refused to be defined by any single chapter of his life. From lavish boardrooms to federal cells, it reveals the core of a man who never stopped believing in the power of faith, work, and gratitude.

The Record in Time

Early 1973

Mayflower dispute with the SEC settled; 15-day suspension closes the case.

Nov 11, 1974

First Jersey Securities opens for business.

1974–1979

SEC and NASD investigations begin, leading to major complaints by 1979.

Nov 1984

Judge Milton Pollack dismisses an SEC case — a key precedent.

Oct 30–31, 1985

The 'Mischief Night' SEC complaint is filed and announced on Halloween.

1987

MDL class-action settlement approved — $10M resolving $9.6M claims.

Aug 2, 2000

Brennan is arrested and charged federally with bankruptcy fraud.

Apr 16, 2001

Jury returns split verdict; Brennan convicted on seven counts.

Jul 15, 2010

Released from federal custody to halfway house in Newark.

2011

Fully released from BOP custody — closes a chapter of his journey.