Former Kalos Capital, Inc. Broker Arni Diamond Accused of Recommending Unsuitable Alternative Investments
Posted on Tuesday, June 2nd, 2020 at 3:23 pm
Erez Law is currently investigating former Kalos Capital, Inc. broker Arni Diamond (CRD# 2667392). Diamond has been registered with Dempsey Lord Smith, LLC in Jacksonville, Florida since September 2018. Previously, Diamond was registered with Kalos Capital, Inc. in Jacksonville, Florida from 2013 to 2018.
Diamond has been the subject of four customer complaints between 2009 and 2020, one of which was closed without action and one was denied, according to his CRD report:
January 2020. “Unsuitable investments.” The customer is seeking $200,000 in damages and the case is currently pending. The complaint took place while Diamond was registered with Kalos Capital, Inc. and was regarding alternative investments.
May 2017. “The clients are alleging that the investments that they purchased in 2011/2012 were not appropriate for their stated investment goals.” The case was settled for $50,000. The complaint took place while Diamond was registered with Berthel Fisher & Company Financial Services, Inc.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Kalos Capital, Inc. may be liable for investment or other losses suffered by Diamond’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.