A financial broker who was sued six years ago by "Seinfeld" star Julia Louis-Dreyfus is being investigated for lying on registration forms submitted to the Financial Industry Regulatory Authority, according to a regulatory disclosure.
Bambi Holzer, a Beverly Hills, Calif.-based broker known for her frequent television appearances and the dozens of complaints against her by former clients, was informed of the inquiry on July 18, according to FINRA's website.
FINRA, the industry body that regulates brokers, initiated the probe, according to the disclosure. Holzer did not immediately respond to a request for comment.
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Former clients have lodged as many as 50 complaints against Holzer over the past decade and have won more than a total of $11 million in fines and compensatory judgments against her, her broker registration shows.
Hollywood producer Ken Kragen successfully sued Holzer after she persuaded him to put his funds into what prosecutors charged was an oil-and-gas Ponzi scheme and into an insurance annuity from which his money could not be extracted until he died.
Louis-Dreyfus also sued when the broker talked her into putting money into the same type of annuity.