What Did Your Brokerage Firm or Investment Adviser Do Wrong With GWG
Published On: September 14, 2016

Eduardo Diaz, a former registered broker with Next Financial Group in Ocean Springs, Mississippi, was barred from the industry by the Securities and Exchange Commission (SEC). Diaz allegedly defrauded investors, telling them that he would invest money on their behalf, but instead, used it for personal expenses. Diaz pleaded guilty to one count of mail fraud in March 2016 related to these allegations. Diaz was sentenced to 70 months in prison, and ordered to pay restitution of $641,000 and a $15,000 fine. If you or someone you know suffered investment losses at the hands of Eduardo Diaz, please call our Chicago-based securities law office to speak to an attorney about how we may be able to help you bring a claim against his former firm, Next Financial Group. The firm may be liable for investment losses. 312-332-4200.

According to his online Financial Industry Regulatory Authority (FINRA) BrokerCheck report, Diaz was registered with American Express Financial Advisors in Minneapolis, Minnesota from February 1987 until July 1993, Sunamerica Securities in Phoenix, Arizona from June 1993 until October 2005, AIG Financial Advisors in Biloxi, Mississippi from October 2005 until December 2008, Next Financial Group in Biloxi from December 2008 until November 2012 and Kovack Securities in Ft. Lauderdale, Florida from December 2012 until January 2013. He has two customer disputes against him and one criminal disposition. He is not licensed within the industry and both FINRA and the SEC have permanently barred him from the industry.

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