Investors have come forward with complaints about Ray Gene Reese (CRD: 1694620, Farmington, Montana). Evidently, the securities broker, who worked for Money Concepts Capital Corp, discloses client disputes via Financial Industry Regulatory Authority (FINRA) BrokerCheck. Particularly, Money Concepts Capital Corp clients allege that Reese made unsuitable recommendations, breached a fiduciary duty, and made misrepresentations. For more on these disclosures about Reese, see below.
Specifically, a client of Money Concepts Capital Corp contested Ray Reese’s sales practices by filing FINRA Arbitration: 23-01316 on May 16, 2023. Allegedly, Reese provided unsuitable advice, breached a fiduciary duty, and made misrepresentations. It appears that Reese caused the client to sustain damages on real estate securities. Therefore, the client seeks compensatory relief from Money Concepts Capital Corp or Reese in the amount of $450,000 in this ongoing matter.
Also, a Money Concepts Capital Corp. client filed FINRA Arbitration: 20-03869 about Ray Reese. Namely, the client alleged that Reese breached a fiduciary duty, breached a contract, made unsuitable recommendations, made misrepresentations, and made omissions. Because of this, the client allegedly sustained damages on annuities and GPB products. Therefore, on June 8, 2022, Money Concepts Capital Corp. settled this matter by paying the client $110,000 in damages.
Specifically, a client of Money Concepts Capital Corp contested Ray Reese’s sales practices by filing FINRA Arbitration: 21-01964. Allegedly, Reese provided unsuitable advice, breached a fiduciary duty, made omissions, and made misrepresentations. It appears that Reese caused the client to sustain damages on real estate securities. Therefore, Money Concepts Capital Corp opted to settle the matter on March 4, 2022, by compensating the client in the amount of $40,000.
Particularly, on June 29, 2020, a Money Concepts Capital Corp. client filed a complaint about Ray Reese. Namely, the client alleged that Reese caused the client, who inherited an IRA, to experience tax consequences and possible loss of investment property. Because of this, the client allegedly sustained damages on variable annuities. Therefore, the client requested $200,000 in compensation from Money Concepts Capital Corp. or Reese. Evidently, this complaint is pending a resolution.
Specifically, a client of Money Concepts Capital Corp. contested Ray Reese’s sales practices, according to a complaint. Allegedly, Reese engaged in unauthorized trading, as the client was not an accredited investor, and Reese recommended investments which poorly performed. Supposedly, Reese caused the client to sustain damages on oil and gas investments. Therefore, Money Concepts Capital Corp. opted to settle the matter on June 22, 2016, by compensating the client in the amount of $95,000.
Have you experienced losses from investing with Ray Reese? If so, get in touch with Soreide Law Group at (888) 760-6552 and talk with a securities lawyer about a potential recovery of your losses. Soreide Law Group, who has effectively recovered money for hundreds of investors across the United States, represents clients on a contingency fee basis and advances all costs. Reese and brokerage firms Reese worked for deny any and all allegations of sales practice violations.
Pending customer claims on BrokerCheck name Michael Graham (CRD 3263494) and list LPL Financial as the firm. Each claim is pending and unproven, and no arbitrator has ruled on any of them. The customers allege that Graham misrepresented guaranteed principal and returns on a secured loan related to a real estate deal.
An SEC decision involving Titan Securities (CRD 131392) of Plano, Texas became final on August 7, 2026, according to FINRA's October 2026 Disciplinary and Other FINRA Actions report. The decision fined the firm $50,000. The record lists the firm as JTA Securities Management, Inc. dba Titan Securities.
Every settled customer dispute on Peter Maller's BrokerCheck report names Lincoln Financial as the firm. Maller holds CRD number 2322403. The newest dispute, filed on March 5, 2024, settled on August 15, 2024 for $12,500 against alleged damages of $50,000. The claimants alleged that the representative represented an oil and gas investment as safe.
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