Anthony Diaz Barred from Securities Industry – Goodman & Nekvasil P.A, May Recover Investor Losses
Goodman & Nekvasil P.A, May Recover Investor Losses - Anthony Diaz Barred from Securities Industry
Anthony Diaz was formerly licensed with IBN Financial Services, Inc., Sandlapper Securities, LLC, and International Financial Solutions, Inc. Anthony Diaz was barred from the securities and investment banking industry by the Financial Industry Regulatory Authority (FINRA) on May 27, 2015. FINRA reports that Anthony Diaz consented to the sanction and to the entry of findings that Anthony Diaz induced several customers to enter into variable annuity exchanges, often subject to significant surrender charges, without a reasonable basis for recommending those exchanges. The findings also stated that Anthony Diaz intentionally or recklessly made untrue statements of material fact by falsely telling five customers that one or more of the alternative investments were guaranteed to pay a specific rate of return and by telling two customers that the investments were guaranteed. According to FINRA, Anthony Diaz’ conduct violated section 10(B) of the Securities Exchange Act of 1934 and Rule 10B-5 thereunder, NASD Rule 2120 and FINRA Rule 2020. Additionally, the findings state that Anthony Diaz falsified Anthony Diaz’ member firm’s books and records by creating variable annuity switch forms with false reasons for the exchanges.
FINRA also reports that Anthony Diaz falsified or caused the use of falsification of net worth, income, assets and/or risk tolerance information for nine customers, and altered or caused the alteration of the date a customer signed a transfer authorization. FINRA also found that Anthony Diaz made unauthorized trades in customers’ accounts. Finally, according to FINRA, Anthony Diaz, fired from four firms, routinely engaged in efforts to mislead Anthony Diaz’ customers into believing that Anthony Diaz had left those firms voluntarily, both through affirmative statements and through Anthony Diaz’ reponses to questions about the circumstances which Anthony Diaz left the firms.
Prior to this FINRA action, FINRA reports that Anthony Diaz was fired by Sandlapper Securities, LLC, Kovack Securities, Inc., SII Investments, and Edward Jones.
FINRA reports that 26 arbitration claims and/or complaints involving Anthony Diaz’ conduct have been filed, alleging misrepresentation, unsuitability, forgery, breach of fiduciary duty, negligence, and/or other allegations. These 26 arbitration claims and/or complaints all settled, with the largest claims settling for over $100,000.
FINRA also reports of three arbitration claims involving Anthony Diaz’ conduct that did not settle and went to final hearing, the customers in these claims were all granted monetary awards, with the largest being $219, 936.80.
According to FINRA, two complaints and/or arbitration claims involving Anthony Diaz’ conduct are currently pending, with one alleging damages of $2,400,000.
If you lost any money on investments with Anthony Diaz, you may be able to recover your losses from IBN Financial Services, Inc., Sandlapper Securities, LLC, and/or International Financial Solutions, Inc. This is because IBN Financial Services, Inc., Sandlapper Securities, LLC, and International Financial Solutions, Inc. had a duty to supervise Anthony Diaz.
If you lost money on investments with Anthony Diaz and believe that the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against IBN Financial Services, Inc., Sandlapper Securities, LLC, and/or International Financial Solutions, Inc. concerning Anthony Diaz’ conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $170 million on behalf of victimized investors. If you lost money on investments with Anthony Diaz and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
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