Skip to main content

News

LA broker at lead firm that sold GWG bonds hit with complaints

InvestmentNews

Tony Barouti, a Los Angeles-based broker registered with Emerson Equity, is facing multiple investor complaints stemming from the sale of bonds underwritten by GWG Holdings Inc., which declared bankruptcy this week. According to the website for GWG Holdings, Emerson Equity, a San Mateo, California-based broker-dealer that primarily sells private placements, is the managing broker-dealer for […]

Read More

Pro Athletes Say They Wanted Everyday Financial Advice but Got Cheated

New York Times

Around the time that Lauren Holiday helped the United States soccer team win the 2015 Women’s World Cup, she and her husband, Jrue Holiday, the N.B.A. player, visited the Southern California office of a securities broker who had come highly recommended for making prudent long-term investments. Experienced? The broker had two decades with blue-chip firms […]

Read More

Report: Jrue and Lauren Holiday allege fraud by Morgan Stanley broker

Milwaukee Journal Sentinel

According to a report from the New York Times, Milwaukee Bucks point guard Jrue Holiday and his wife, Lauren have joined two former NBA players in a lawsuit against Morgan Stanley and a former broker for inappropriately distributing money that is now unaccounted for. The Holidays, Chandler Parsons and Courtney Lee allege Morgan Stanley broker Darryl […]

Read More

Barred broker set to fight pro athletes’ allegations of fraud

InvestmentNews

A former Morgan Stanley broker likely will defend himself against charges by several pro athletes that he ripped them off by citing investment returns. A current NBA player, his wife and two former NBA players allege that Darryl Matthew Cohen improperly diverted a total of about $10 million from their accounts, according to a recent […]

Read More

Finra to Bar Ex-Morgan Stanley Broker Facing Millions in Claims from Pro Athlete Clients

AdvisorHub

A once top-producing Morgan Stanley broker in Southern California is facing an industry bar after racking up millions of dollars in client complaints from his former professional athlete customers, including former basketball star Chandler Parsons, according to regulatory filings. The Financial Industry Regulatory Authority’s enforcement division said it has decided to ban Darryl M. Cohen […]

Read More