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Investor Alleges Daniel Diaz Recommended Unsuitable Investments

Daniel Diaz (CRD #: 6871968), a broker registered with PHX Financial, allegedly gave unsuitable investment recommendations, according to his BrokerCheck record, accessed on November 1, 2024. If you have questions about his alleged conduct as a broker, read on.

Investor Dispute

On August 19, 2024, an investor filed a dispute alleging that Daniel Diaz made unsuitable investment recommendations from 2020-2024. This dispute is pending.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend securities that sufficiently suit an investor’s financial goals. Brokers must examine the information contained in an investor’s profile, such as their tax status, risk tolerance, and overall financial situation.

Investors who rely on brokers for recommendations may be able to recover their losses by seeking out FINRA arbitration.

Background Information

Daniel Diaz has passed the following exams:

  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

Daniel Diaz is a registered broker in 45 states as well as the District of Columbia and Puerto Rico.

He has also worked for National Securities Corporation (CRD#:7569).

Kurta Law Can Help

If you worked with Daniel Diaz and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. 

 

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