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James Raia Of Moloney Securities Co., Inc. And Formerly With Summit Brokerage Services, Inc. Has 6 Customer Complaints For Alleged Broker Misconduct

Who is James Raia of Moloney Securities Co., Inc.?

James Raia

James Raia (CRD #2397301) who is currently registered as a broker with Moloney Securities Co., Inc. and located in Ridgewood, New York, is a subject of one of our many securities industry sales practice abuse investigations. Prior to Moloney Securities Co., Inc., James Raia was associated with Summit Brokerage Services, Inc. and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Investment Losses? Let’s talk.

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James Raia Customer Complaints

James Raia has been the subject of 6 customer complaints that we know about to recover investment losses. Three of the customer complaints were settled by James Raia’s current and former employers. Another customer complaint was denied by his former employers and the investors took no further action. There is currently one arbitration proceeding still pending against Moloney Securities Co. for the advisor’s alleged misconduct.

Allegations Against James Raia

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses follows:

  • Suitability and negligence.
  • Unsuitable REIT investment recommendations.
  • Negligence, unsuitable investments, and misrepresentations regarding REITs.
  • Unsuitability and misrepresentation.

James Raia Red Flags & Your Rights As An Investor

Of course, James Raia did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of James Raia at Moloney Securities Co., Inc. and Summit Brokerage Services, Inc. on alert to review carefully the activity and performance of their accounts and question whether James Raia has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Moloney Securities Co., Inc. and Summit Brokerage Services, Inc. also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

Did You Lose Money Because of Broker Misconduct?

best investment fraud lawyers

If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.

Need Legal Help? Let’s talk.

or, give us a ring at 561-338-0037.

File A Claim To Recover Your Investment Losses At Moloney Securities Co., Inc. Due To James Raia

If you have questions about Moloney Securities Co., Inc., Summit Brokerage Services, Inc. and/or James Raia and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

Author Photo

Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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