InvestmentNews
A former Morgan Stanley advisor and a financial planner are among several people facing federal charges in connection with four professional athletes, three of them NBA players, allegedly being defrauded of $13 million. The charges, announced Thursday, are in addition to Securities and Exchange Commission charges against the advisor, Darryl Matthew Cohen, who was fired […]
Securities and Exchange Commission
Securities and Exchange Commission v. Darryl Matthew Cohen SEC Complaint The Securities and Exchange Commission today charged Darryl Matthew Cohen, a former investment adviser at a large financial institution, with misappropriating more than $1 million from three current and former NBA players over a period of two and a half years. According to the SEC’s […]
Department of Justice U.S. Attorney's Office SDNY
United States of America v. Darryl Cohen, Brian Gilder, Charles Briscoe, and Calvin Darden, Jr. Indictment Four Professional Basketball Players Defrauded of Over $13 Million Damian Williams, the United States Attorney for the Southern District of New York, and Michael J. Driscoll, the Assistant Director in Charge of the New York Field Office of the […]
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 […]
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 […]