In October 2013, Bambi Holzer, a Beverly Hills based broker to the rich and famous, was suspended from the financial industry after allegations of falsifying customer documents. Unfortunately for Holzer this was not her first time facing allegations of wrongdoing the Financial Industry Regulatory Authority (FINRA). Holzer’s FINRA disciplinary report or “CRD” is 115 pages long with customer complaints alleging millions in damages. According to the Wall Street Journal, out of the approximately 550,000 registered brokers with FINRA, Holzer is in the top ten in terms of the number of customer complaints. In October, FINRA moved to bar Holzer from the industry. Holzer agreed to settle FINRA’s allegations of wrongdoing.
To read more, see these articles in the Wall Street Journal and Investment News