|FINRA bars broker after NFL players lost millions|
|Written by Admin|
|Thursday, 07 March 2013 06:44|
FINRA said Thursday that Jeffrey Rubin of Lighthouse Point, Fla., made unsuitable recommendations to his customer, an unnamed NFL player, to invest in high-risk securities tied to an Alabama casino that went bankrupt.
The unnamed player lost $3 million. Rubin referred other investors - 30 other NFL players - to the Country Crossing project. They lost about $40 million.
Rubin neither admitted nor denied the charges, but consented to the entry of FINRA's findings.