Brentwood Capital Advisors LLC has agreed to pay a fine of $45,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA).

Between January 2021 and December 2025, Brentwood failed to establish and implement an anti-money laundering (AML) compliance program reasonably designed to identify and verify the identities of the beneficial owners of its legal entity customers, in violation of FINRARules 3310(b) and 2010.

Between January 2018 and January 2024, Brentwood failed to establish and implement a written AML compliance program that provided for annual (on a calendar-year basis) independent AML testing, and the firm conducted no independent AML testing between 2018 and 2023, in violation of FINRA Rules 3310(c) and 2010.

The firm has agreed to a censure on top of the $45,000 fine.

Brentwood has been a FINRA member since June 2002. The firm has its headquarters and sole office in Nashville, Tennessee, and employs approximately 25 registered representatives. Brentwood primarily provides merger and acquisition (M&A) services to customers in the healthcare and technology industries, including advising those customers with respect to capital raising activity such as private placements of securities.