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Ray Reese Of Money Concepts Capital Corp. Has 6 Customer Complaints For Alleged Broker Misconduct

Who is Ray Reese of Money Concepts Capital Corp.?

Ray Reese

Ray Reese (CRD #1694620) who is currently registered as a broker and investment adviser with Money Concepts Capital Corp. and located in Farmington, Missouri, is a subject of one of our many securities industry sales practice abuse investigations. Prior to Money Concepts Capital Corp., Ray Reese was associated with other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

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Ray Reese Customer Complaints

Ray Reese has been the subject of 6 customer complaints that we know about to recover investment losses. Four of the customer complaints were settled by Ray Reese’s current and former employers in favor of the investors. One customer complaint was denied by Pruco Securities and the customer took no further action. There is currently one pending FINRA arbitration proceeding against Money Concepts Capital Corp. for Ray Reese’s alleged misconduct.

Allegations Against Ray Reese

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

  • Misrepresentation in connection with a variable life insurance policy.
  • Negligence in connection with the opening of an inherited IRA account causing a tax liability.
  • Misrepresentations in connection with the funding of the variable annuity contract.
  • Breach of fiduciary duty, violation of Missouri’s Securities Act, fraud, and negligent misrepresentations and omissions related to variable annuity contract and GPB private placement investment.
  • Material misrepresentations and omissions in violation of federal law, blue sky laws and FINRA Rule 2020.

Ray Reese Red Flags & Your Rights As An Investor

Of course, Ray Reese 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 Ray Reese at Money Concepts Capital Corp. on alert to review carefully the activity and performance of their accounts and question whether Ray Reese has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Money Concepts Capital Corp. also raises questions about the brokerage firm’s 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?

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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 Money Concepts Capital Corp. Due To Ray Reese

If you have questions about Money Concepts Capital Corp. and/or Ray Reese 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.

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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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