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The Shady Stockbroker

Online Exclusives ​Art Stewart Feb 12, 2020

Fired five times and banned from trading, a stockbroker goes on trial for fraud.

​The stockbroker promised his clients a "no lose" investment, but now he is on trial for fraud, CBS News reports. Prosecutors allege Anthony Diaz sold high-risk, high-fee alternative investments and filed false documents with the U.S. Securities and Exchange Commission (SEC) about clients' suitability to invest in those products. Additionally, the advertised guarantee rates of return were "highly speculative" and tied up clients' money for long periods, court documents allege.

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​Art Stewart

Art Stewart is an independent management consultant with more than 35 years of experience in internal audit, financial management, performance measurement, governance, and strategic policy planning.​​​