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Exclusive: Ex-Broker Must Pay $2 Million To Former Nba Player


Champ Kind
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2014-11-24T223812Z_1006980002_LYNXNPEAAN0ZE_RTROPTP_2_CSPORTS-US-FINRA-ARBITRATION-ATHLETE.JPGBy Suzanne Barlyn (Reuters) - A former securities broker that regulators said took part in a multi-million dollar fraud against professional athletes must pay $2 million to former NBA player Sam Young, an arbitration panel ruled on Monday. Young's professional basketball career has included stints with the Indiana Pacers and San Antonio Spurs. He was among dozens of investors who lost money after buying privately issued securities sold by the now defunct Washington, D.C.-based brokerage, Success Trade Securities. ...

 

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