Federal regulators are accusing a Monroe County financial adviser of making a long list of illegal investments at the expense of his clients.

The Financial Industry Regulatory Authority claims Anthony Diaz of Scotrun falsified documents and made unsuitable investments on behalf of dozens of clients.

A legal complaint filed by the authority alleges numerous inappropriate investments, including one case where he made $2-million in commissions on investments older clients were unable to convert into cash.

The legal complaint is seeking compete restitution.

A statement from Diaz's attorney "vehemently denies the allegations."

Diaz's attorney says he is confident the allegations will be dismissed once they present their side of the case.