Published On: August 25, 2017

Recently, the Financial Industry Regulatory Authority (FINRA) barred former financial advisor, Anthony Diaz from the industry. FINRA alleged that Mr. Diaz induced approximately eighty customers to enter into variable annuity exchanges, often subject to significant surrender charges, without a reasonable basis for recommending those exchanges. Diaz allegedly engaged in misconduct in connection with the sale of direct participation partnerships and real estate investment trusts (REITs), during February 2007 until February 2010. Allegedly, Diaz told seven customers that the investments were either guaranteed or guaranteed to pay certain amounts of interest. He also allegedly falsified or caused the falsification of the liquid net worth, and/or income information for at least nine customers to make it appear that they were eligible to invest in the products described in the preceding paragraph when they, in fact, were not. Diaz also allegedly altered or caused the alteration of the dates that appeared next to the signatures of customers on authorizations to transfer accounts on at least two occasions. Unauthorized trades were allegedy made in the accounts of at least seven customers of Diaz. These are all against securities laws. His former firm, IBN Financial Services, may be liable for investment losses suffered with Anthony Diaz, because the firm had a reasonable duty to properly supervise him.
Diaz was registered with Horwitz & Associates, Edward Jones, Raymond James, Round Hill Securities, First Allied Securities, SII Investments, Matrix Capital Group, Kovack Securities, International Financial Solutions, Sandlapper Securities, and IBN Financial Services in Scrotrun, Pennsylvania from September 2012 until April 2015. He has 41 customer disputes against him, two of which are currently pending. He has been permanently barred from the industry. We are Chicago-based securities attorneys who help investors recover their losses in the FINRA arbitration forum on a contingency fee basis. Please call us today to find out how. The call is free with no obligation.


The posting on this site are mere OPINIONS and NOT statements of fact in any way whatsoever. The information should not be relied upon and there have been no findings made against the firms or individuals referenced on this site. In addition, this Blog is made available for educational purposes only and incorporates information from the web as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this blog site you understand that there is no attorney client relationship between you and Stoltmann Law Offices (161 N Clark Street 16th Floor Chicago, IL 60601). The Blog opinions should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.


Chicago Investment Fraud Attorneys Offering Nationwide Representation to Investors

If you have suffered financial losses because of the negligence or fraud of your financial advisor or broker through unsuitable investment recommendations, over-concentration, churning, misrepresenting risks, conversion or selling away, you have legal rights and options to pursue recovery of those losses.

Stoltmann Law Securities Investment Fraud Attorneys