Celebrity Broker Bambi Holzer Barred by FINRA

Celebrity Broker Bambi Holzer Barred by FINRA - Securities Lawyer 101

Securities Lawyer 101 Blog

Bambi Holzer, an author and former registered broker to numerous celebrities has been barred by Financial Industry Regulatory Authority (“FINRA”). Holzer frequently made television appearances.  Despite her celebrity clients, by September 2013, Holzer was suspended by FINRA for her failure to comply with a $2 million arbitration award.  At the time of her suspension, Holzer’s BrokerCheck report contained more than 64 customer initiated investment related legal actions alleging fraud in connection with the sale of securities.

Holzer worked at more than 10 different broker-dealers, including UBS PaineWebber, Brookstreet Securities, A.G. Edwards, Bear Stearns and Newport Coast Securities.  Holzer managed an office image in Beverly Hills on the corner of Rodeo Drive.  Her clients included Julia Louis-Dreyfus and other celebrities.  Dreyfus and other clients sued Holzer and one of her former employers over an annuity investment of more than $4.4 million that Holzer represented provided guaranteed returns.  Holzer and UBS PaineWebber, paid more than $11.4 million to settle the claims.

In October 2013, Holzer was sued by FINRA for allegedly lying to another broker/dealer, Wedbush Morgan Securities Inc., about her clients’ net worth while participating in one of their securities offerings.  According to FINRA, Holtzer is falsified the financial information of at least eight of her own customers.

For further information about this securities law blog post, please contact Brenda Hamilton, Securities Attorney at 101 Plaza Real S, Suite 202 N, Boca Raton, Florida, (561) 416-8956, by email at [email protected] or visit www.securitieslawyer101.com.  This securities law blog post is provided as a general informational service to clients and friends of Hamilton & Associates Law Group and should not be construed as, and does not constitute, legal and compliance advice on any specific matter, nor does this message create an attorney-client relationship.  Please note that the prior results discussed herein do not guarantee similar outcomes.

Hamilton & Associates | Securities Lawyers
Brenda Hamilton, Securities Attorney
101 Plaza Real South, Suite 202 North
Boca Raton, Florida 33432
Telephone: (561) 416-8956
Facsimile: (561) 416-2855