Finra bars broker after NFL players lost millions

Updated: March 7, 2013, 3:36 PM ET
Associated Press

WASHINGTON -- A Wall Street broker was barred from the securities industry after he led 31 NFL players to invest in a controversial Alabama casino that went bankrupt, losing them more than $40 million.

The Financial Industry Regulatory Authority, a self-regulatory body for Wall Street, said Thursday that the broker, Jeffrey Rubin of Lighthouse Point, Fla., made four unsuitably risky investment recommendations to one of his customers. The client was retired Baltimore Ravens player Samari ...

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