Financial Advisor for Movie Stars Barred from Securities Industry

Bambi Holzer, a financial broker known for serving Hollywood’s rich and famous, has been barred by the Financial Industry Regulatory Authority (“FINRA”).

According to FINRA, and the Acceptance, Waiver and Consent (“AWC”) which Ms. Holzer signed, Ms. Holzer misrepresented several clients’ net worth to her brokerage firm in order to sell them shares of Provident Royalties, a program which later proved to be an enormous Ponzi scheme.

Ms. Holzer, according to FINRA, also failed to disclose a pending regulatory action on her employment history.

The recent FINRA action was not Ms. Holzer’s first time dealing with the regulators.  In fact, her 115 page BrokerCheck report, including 64 customer complaints and 5 regulatory actions, makes her one of the ten most complained about brokers in the United States, according to a study by the Wall Street Journal.

Ms. Holzer’s checkered regulatory past likely led to an employment history that includes 10 broker-dealers since 1983.  While it is not surprising her employment relationships only averaged approximately 3 years, it is very troubling that she could continue to find gainful employment for 30 years.

Finally, it appears her past has caught up to her as FINRA appears to be paying more attention to brokers with numerous customer complaints.  Although Ms. Holzer claims to be continuing in the marketing and publicity fields, it appears that she has finally sold her last security.

The Peiffer Rosca securities attorneys often represent investors who lose money as a result of Ponzi schemes, investment fraud, and/or broker misrepresentations.  They have experience dealing with schemes like the one run by Ms. Holzer.

The Peiffer Rosca attorneys take most cases on a contingency fee basis, advance the costs and only get paid out of the money they recover for their clients.

Investors who believe they lost money as a result of investment fraud or misconduct may contact the securities lawyers at Peiffer Rosca, Jason Kane or Joe Peiffer, for a free, no obligation evaluation of their recovery options, at (585) 310-5140.

Peiffer Wolf (1248 Posts)


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