Soreide Law Group has been contacted by several bond investors in Harrah's, now known as Caesars Entertainment Corporation. Many of these investors, who lost their entire investment, purchased these bonds through Aegis Capital Corporation. Aegis has been in business since 1984 and is located in New York City.
Caesars Entertainment changed its name from Harrah's Entertainment, and was taken private with a $28 billion buyout by Apollo and Texas Pacific Group in 2007.
According to a recent Reuters' article, Caesars Entertainment Operating Co (CEOC), the main operating unit of Caesars Entertainment Corp, said that it will not pay the $225 million in bond interest payments, triggering a default on its $18.4 billion debt. Caesars has been battling its creditors over efforts to restructure operations. As of September 30, 2014, CEOC had about $1.5 billion of cash/cash equivalents.
If your broker or financial advisor recommended the purchase of Harrah's/Caesars bonds, through Aegis Capital or other brokerages, call the Soreide Law Group for a free consultation with an attorney at: 888-760-6552. We will represent our clients nationwide before FINRA.
YOUSSEF A ZOHNY has been registered both as an investment advisor and a broker with MORGAN STANLEY of San Francisco, California. He has held this registration since March of 2017. According to FINRA’s BrokerCheck, available to the public on FINRA’s website, YOUSSEF A ZOHNY has been in the securities industry for 9 years. He has […]
William Kershaw was permanently barred by FINRA from acting as a broker or otherwise associating with a broker/dealer firm with a start date of 5/15/2026. William Kershaw was registered as a broker with NYLIFE SECURITIES LLC of Charlotte, North Carolina from 12/16/2024 - 07/17/2025. According to FINRA’s BrokerCheck, available to the public on FINRA’s website, […]
Michael S Barrows (Michael Scott Barrows) has been suspended by FINRA indefinitely with the start date of 3/27/2026. The Regulator’s Statement was, “Pursuant to FINRA Rule 9553, Respondent Barrows' registration with FINRA is suspended on March 27, 2026, for failure to pay arbitration fees.” Barrows is registered as a broker with INNOVATION PARTNERS LLC of […]
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