(Bloomberg) - Jeffrey Rubin, a Florida broker, was barred from the securities industry after more than 30 National Football League players including Terrell Owens lost at least $40 million on an Alabama casino project that went bankrupt.
The Financial Industry Regulatory Authority, Wall Streets self-funded overseer, said in a statement today that one of Rubins clients put the majority of his cash into the project and lost about $3 million. Finra didnt say which players were involved. Owens, the former Dallas Cowboys wide receiver, and Jevon Kearse, the former Philadelphia Eagles defensive end nicknamed The Freak, were among those who lost money, according to their lawyers.
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