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Arni Diamond Formerly With Dempsey Lord Smith, LLC And Kalos Capital, Inc. Has 12 Customer Complaints For Alleged Broker Misconduct

Who is Arni Diamond formerly with Dempsey Lord Smith, LLC?

Arni Diamond (CRD #2667392) who was formerly registered with Dempsey Lord Smith, LLC and located in Jacksonville, Florida is a subject of one of our many securities industry sales practice abuse investigations.  Prior to Dempsey Lord Smith, LLC, Arni Diamond was associated with Kalos Capital, Inc. and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Arni Diamond Customer Complaints

Arni Diamond has been the subject of12 customer complaints that we know about, 9 of those complaints were filed in the last year to recover investment losses. Eight of Arni Diamond’s 12 customer complaints were settled in favor of investors. Two of Arni Diamond’s customer complaints were denied and, to date, the customers have not taken any further action. There are currently 2 pending customer complaints filed against Arni Diamond’s former employers, Kalos Capital, Inc. and Berthel Fisher and Company Financial Services, Inc. for investment losses caused by the alleged misconduct.

Allegations Against Arni Diamond

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • Unsuitable investment recommendation of alternative investments.
  • Failure to conduct due diligence before recommending an investment in United Development Funding and GPB Investments.
  • Unsuitable investment recommendations and breach of contract and fiduciary duty in direct investments.
  • Unsuitable recommendations of Alternative investments.
  • Lack of proper due diligence, and breach of fiduciary duty.
  • Recommendation of investments in appropriate for the stated investment goals.
  • Unsuitable and misrepresented investments in variable annuities, equipment leasing and real estate securities.
  • Misrepresentation of a REIT.

Arni Diamond Red Flags & Your Rights As An Investor

Of course, Arni Diamond did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Arni Diamond at Dempsey Lord Smith, LLC and Kalos Capital, Inc. on alert to review carefully the activity and performance of their accounts and question whether Arni Diamond has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Dempsey Lord Smith, LLC and Kalos Capital, Inc. also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim To Recover Your Investment Losses At Dempsey Lord Smith, LLC Due To Arni Diamond

If you have questions about Dempsey Lord Smith, LLC, Kalos Capital, Inc. and/or Arni Diamond and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

Author Photo

Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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