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Jeff Diamond Involved in Allegations of Unsuitable Mutual Fund Recommendations

Aug 2, 2021 Investor Disputes

Jeff Diamond (CRD #: 1399171), an investment adviser registered with Paces Ferry Wealth Advisors, is involved in a dispute regarding unsuitable recommendations, according to his BrokerCheck record, accessed on July 28, 2021. Diamond was formerly registered as a broker with J.P. Morgan Securities.

On June 2, 2021, an investor alleged that Jeff Diamond made unsuitable mutual fund recommendations. The investor is seeking $185,549,38; the dispute is pending.

On March 5, 2018, an investor alleged that Diamond made misstatements and sold the investor unsuitable investments. The investor sought $120,000; the dispute settled for $25,000.

Jeff Diamond Background Information

Diamond has passed the following exams:

  • Series 65 Uniform Investment Adviser Law Examination
  • Series 63 Uniform Securities Agent State Law Examination
  • Securities Industry Essentials Examination
  • Series 7 General Securities Representative Examination

He is a registered investment adviser in Florida, Georgia, Michigan, and Texas.

During his 35 years in the securities industry, Diamond has worked with the following firms:

  • Tru Independence Asset Management (CRD #: 168256)
  • P. Morgan Securities (CRD #: 79)
  • Dean Witter Reynolds (CRD #: 7556)
  • Lehman Brothers (CRD #: 7506)
  • Painewebber (CRD #: 8174)

Kurta Law Can Help

If you worked with Jeff Diamond and you have concerns about your investments, contact Kurta Law today. Call 212-658-1502 or email