Arni Jat Diamond (also known as Arni Jay Diamond), a Florida based previously registered broker and investment adviser, was the subject of multiple customer dispute disclosures filed on allegations including unsuitability of investment recommendations, misrepresentation and negligence among others, according to an investigation by lawyer for investors Alan Rosca.
Investor lawyer Alan Rosca, of Rosca Scarlato LLC law firm, is investigating conduct related to the multiple customer dispute disclosures involving former broker Arni Diamond. Investors who believe they have been a victim of broker misconduct such as unsuitability or misrepresentation, may contact Alan Rosca at 888-998-0530, arosca@rscounsel.law, or though the contact form on this page for a free, no obligation case evaluation.
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Former Broker Arni Diamond Is the Subject of Multiple Customer Dispute Disclosures
Publicly available information reviewed by the lawyer for investors Alan Rosca, showed that Arni Jat Diamond was subject to several customer dispute disclosures, according to his FINRA Brokercheck page.
A customer dispute filed in July 2020, is alleging misrepresentation and failure to disclose the risks and fees associated with an investment, while Arni Diamond was registered with Berthel Fisher and Company Financial. The customer also alleged that Berthel Fisher was negligent and failed to conduct adequate due diligence. The investment product types include real estate security, Oil & Gas, and equipment leasing. The damages are unspecified, but determined to be more than $5,000.
The latest dispute was initiated in December 2020. The client alleged that claims against Kalos Capital, which arise out of or relate to firm’s investment advice and/or handling of Claimant’s accounts. The client was seeking to recover $17,749 from this dispute and it was settled for $17,749.
A customer dispute disclosed on September 3, 2020 brought allegation of unsuitable recommendations. The client was seeking to recover $14,400.06 from this dispute but it was settled for $14.000.06.
Another customer dispute was disclosed in July 2020 alleging failure to conduct adequate due diligence before recommending the investment “in a Ponzi-like scheme perpetuated by United Development Funding (“UDF”) and GPB Investments (“GPB”)“. The client in this dispute has requested $31,358 as damages and the dispute was settled for same amount.
Another customer dispute was disclosed on June 23, 2020 on acts allegedly performed at Kalos Capital Inc. The customer alleged that there was a lack of proper due diligence on their investments, a breach of fiduciary duty and a failure to supervise. This dispute was settled for $7,200. The investments were related to Direct Investment-DPP & LP Interests.
A similar dispute was filed before FINRA and disclosed on April 28, 2020. The client in this dispute has requested $100,001 as damages and the dispute was settled for $21,302.
Another customer dispute was disclosed on April 22, 2020. the customer alleged the unsuitability investment recommendations, supervisory and due diligence failure by the former broker. As a result, the client was sought to recover $15,480.75 in damages and the dispute was settled for the same amount.
Another customer dispute was filed before FINRA and disclosed on January 6, 2020. The customer alleged the unsuitability of the alternative investments while Arni Diamond was employed at Kalos Capital. As a result, the client has sought to recover $200,000 in damages and the dispute was settled for $46,445.
The investigation also revealed that Arni Jat Diamond was involved in a dispute filed on the allegations that the investments recommended to and purchased by them between 2011 and 2012 were not appropriate for their stated investment goals. This dispute was settled for $50,000 and Berthel Fisher & Company Financial Services was the employing firm.
Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints or allegations mentioned in this article, unless otherwise indicated. Any reader should also read the original sources hyperlinked in this blog for accuracy, including any BrokerCheck report and/or record of any disciplinary or regulatory action. Those sources are incorporated by reference into the text of this blog, and are the governing materials in case of any inconsistencies or typos in this blog.
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Lawyer for Investors Investigating Allegations Concerning Former Broker Arni Diamond
The lawyers for investors of the Rosca Scarlato LLC law firm often advise and represent investors who are victims of broker misconduct and they are currently investigating allegations of unsuitability, negligence and misrepresentation brought in connection to former broker Arni Diamond.
Investors should note that the firm takes most cases of this type on a contingency fee basis and advances the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions.
Investors who believe they lost money as a result of conducts related to former broker Arni Diamond and customer dispute disclosures involving alleged unsuitability, negligence, and misrepresentation, may contact attorney Alan Rosca for a free, no-obligation evaluation of their recovery options, at 888-998-0530, via email at arosca@rscounsel.law, or through the contact form on this webpage.
