Dimond Kaplan & Rothstein, P.A. Retained by Former NEXT Financial Group, Inc. and Raymond James Financial Services, Inc. Customers to Recover Investment Losses

Stockbroker Barred From Securities Industry

Miami, Florida, UNITED STATES

MIAMI, Feb. 6, 2008 (PRIME NEWSWIRE) -- The Securities Law Firm of Dimond Kaplan & Rothstein, P.A. (http://www.mystocklosses.com) announced today that it has been retained by a several former Raymond James Financial Services, Inc. ("Raymond James") and NEXT Financial Group, Inc. ("NEXT") customers. Dimond Kaplan & Rothstein is pursuing Financial Industry Regulatory Authority ("FINRA") f/k/a NASD securities arbitration claims against Raymond James and NEXT seeking to recover millions of dollars in investment losses resulting from excessive trading or churning of Raymond James and NEXT customers' brokerage accounts.

In January 2008, FINRA concluded that former Raymond James and NEXT broker Gregory Horton violated federal securities laws and FINRA conduct rules by excessively trading or churning 15 of his customers' accounts, causing substantial investment losses. As a result, Mr. Horton has been barred from working for any FINRA-member brokerage firm. FINRA continues to investigate whether NEXT failed to properly supervise its brokers.

Dimond Kaplan & Rothstein represents several of Mr. Horton's former customers who had brokerage accounts in Raymond James's Monmouth Beach, New Jersey office and NEXT's Shrewsbury, New Jersey office. Dimond Kaplan & Rothstein also represents customers of NEXT's Boca Raton, Florida office and seeks to recover hundreds of thousands of dollars in investment losses suffered as a result of churning, excessive trading, unauthorized trading, investment fraud, and misrepresentations committed by NEXT broker John Boelke, Jr.

Dimond Kaplan & Rothstein, P.A. is an AV-Rated law firm that represents investors nationwide in stockbroker misconduct and investment fraud cases. They have represented investors against most major Wall Street brokerage firms in claims involving stocks, options, variable annuities, hedge funds, mutual funds, bonds, and collateralized mortgage obligations (CMOs). If you suffered securities investment losses, please contact Jeffrey Kaplan, Esq. of Dimond Kaplan & Rothstein, P.A. at (888) 578-6255 or jkaplan@dkrpa.com for a free case evaluation. You also may visit Dimond Kaplan & Rothstein, P.A. on the web at www.mystocklosses.com.

The Dimond Kaplan & Rothstein, P.A. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=4684


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