Broker Who Tangled With 'Seinfeld' Actress Faces Probe

Bambi Holzer Sued by Julia Louis-Dreyfus 6 Years Ago

Elaine Sues: Julia Louis-Dreyfus of ‘Seinfeld’ fame sued media-savvy broker Bambi Holzer over her investmnets. Now the feds are investigating the Los Angeles broker-to-stars.
getty images
Elaine Sues: Julia Louis-Dreyfus of ‘Seinfeld’ fame sued media-savvy broker Bambi Holzer over her investmnets. Now the feds are investigating the Los Angeles broker-to-stars.

By Reuters

Published August 16, 2013.
  • Print
  • Share Share

A financial broker who was sued six years ago by “Seinfeld” actress Julia Louis-Dreyfus is under investigation for lying on registration forms submitted to the Financial Industry Regulatory Authority, according to a regulatory disclosure.

Bambi Holzer, a Beverly Hills, California-based broker known both for her frequent television appearances and the dozens of complaints against her by one-time clients, was informed on July 18 about the investigation, according to FINRA’s website.

FINRA, the industry body that regulates brokers, initiated the investigation, according to the disclosure. Holzer did not immediately respond to a request for comment.

Former clients of Holzer have lodged as many as 50 complaints against her over the past decade, and some of the ex-clients have won more than a total of $11 million in fines and compensatory judgments against her, her broker registration shows.

Hollywood producer Ken Kragen sued Holzer and won after she convinced 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 Holzer after the broker convinced her to put money in the same type of insurance annuity.

“She made you feel ‘Oh, I’ve finally found what people are doing with their money,’” Kragen said in an interview with Reuters.

Kragen, who produced the fund-raising song and album “We Are The World,” said Holzer also gave the Kragens gifts, including fancy luggage, an espresso maker and a finely made polished wood box.

“The trappings were all there of this enormously successful lady,” he said.

The investigation does not mean Holzer has been accused of a violation, only that it is possible FINRA will file formal charges. If charges are filed, Holzer will have the opportunity to rebut them.

Holzer is the chairman of the Wealth & Income Management Group, headquartered in Beverly Hills. Her biography on the firm’s website says the group offers financial planning services to individual clients and also “consults to corporations.” The biography says she has appeared on NBC, CNN, CNBC, Fox and Bloomberg TV.

According to her registration record, she is licensed to sell financial products to clients through Newport Coast Securities, a firm based in New York.

Newport’s chief executive officer, Donald A. Wojnowski Jr., said Holzer was an independent contractor with his firm. When asked whether she would continue her work for Newport, Wojnowski declined to comment.

A spokeswoman for Louis-Dreyfus did not immediately respond to a request for comment. Louis-Dreyfus and Holzer eventually settled for an undisclosed amount.


The Jewish Daily Forward welcomes reader comments in order to promote thoughtful discussion on issues of importance to the Jewish community. In the interest of maintaining a civil forum, The Jewish Daily Forwardrequires that all commenters be appropriately respectful toward our writers, other commenters and the subjects of the articles. Vigorous debate and reasoned critique are welcome; name-calling and personal invective are not. While we generally do not seek to edit or actively moderate comments, our spam filter prevents most links and certain key words from being posted and The Jewish Daily Forward reserves the right to remove comments for any reason.





Find us on Facebook!
  • The rose petals have settled, and Andi has made her (Jewish?) choice. We look back on the #Bachelorette finale:
  • "Despite the great pain and sadness surrounding a captured soldier, this should not shape the face of this particular conflict – not in making concessions and not in negotiations, not in sobering assessments of this operation’s achievements or the need to either retreat or move forward." Do you agree?
  • Why genocide is always wrong, period. And the fact that some are talking about it shows just how much damage the war in Gaza has already done.
  • Construction workers found a 75-year-old deli sign behind a closing Harlem bodega earlier this month. Should it be preserved?
  • "The painful irony in Israel’s current dilemma is that it has been here before." Read J.J. Goldberg's latest analysis of the conflict:
  • Law professor Dan Markel waited a shocking 19 minutes for an ambulance as he lay dying after being ambushed in his driveway. Read the stunning 911 transcript as neighbor pleaded for help.
  • Happy birthday to the Boy Who Lived! July 31 marks the day that Harry Potter — and his creator, J.K. Rowling — first entered the world. Harry is a loyal Gryffindorian, a matchless wizard, a native Parseltongue speaker, and…a Jew?
  • "Orwell would side with Israel for building a flourishing democracy, rather than Hamas, which imposed a floundering dictatorship. He would applaud the IDF, which warns civilians before bombing them in a justified war, not Hamas terrorists who cower behind their own civilians, target neighboring civilians, and planned to swarm civilian settlements on the Jewish New Year." Read Gil Troy's response to Daniel May's opinion piece:
  • "My dear Penelope, when you accuse Israel of committing 'genocide,' do you actually know what you are talking about?"
  • What's for #Shabbat dinner? Try Molly Yeh's coconut quinoa with dates and nuts. Recipe here:
  • Can animals suffer from PTSD?
  • Is anti-Zionism the new anti-Semitism?
  • "I thought I was the only Jew on a Harley Davidson, but I was wrong." — Gil Paul, member of the Hillel's Angels. http://jd.fo/g4cjH
  • “This is a dangerous region, even for people who don’t live there and say, merely express the mildest of concern about the humanitarian tragedy of civilians who have nothing to do with the warring factions, only to catch a rash of *** (bleeped) from everyone who went to your bar mitzvah! Statute of limitations! Look, a $50 savings bond does not buy you a lifetime of criticism.”
  • from-cache

Would you like to receive updates about new stories?




















We will not share your e-mail address or other personal information.

Already subscribed? Manage your subscription.