Investors have come forward with complaints about securities broker Ray Reese AKA Ray Gene Reese [CRD#: 1694620, Newark, NJ]. Notably, the securities broker, who worked for Money Concepts Capital Corp., discloses client disputes via Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Money Concepts Capital Corp. clients allege that Reese made unsuitable recommendations and misrepresentations and violated securities laws. For more on these disclosures about Reese, see below.
Specifically, a Money Concepts Capital Corp. client filed FINRA Arbitration #: 21-01964 about Ray Reese. Notably, the client alleged that Reese made unsuitable recommendations and misrepresentations and violated securities laws. Because of this, the client sustained damages on real estate securities. Therefore, on March 4, 2022, Money Concepts Capital Corp. settled this matter by paying the client $40,000.
Also, a client of Money Concepts Capital Corp. contested Ray Reese’s sales practices by filing FINRA Arbitration #: 20-03869. Allegedly, Reese made unsuitable transactions, breached a fiduciary duty, violated securities laws, acted unethically, breached a contract, was negligent, made misrepresentations, and made omissions. Supposedly, the variable annuities and GPB investments which Reese sold or recommended had caused the client to sustain damages. Therefore, Money Concepts Capital Corp. opted to settle the matter on November 30, 2020 by compensating the client in the amount of $110,000.
Evidently, on June 29, 2020, a Money Concepts Capital Corp. client filed a complaint about Ray Reese. Namely, the client alleged that Reese committed sales practice violations. Because of this, the client 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.
Also, a client of Pruco Securities contested Ray Reese’s sales practices, according to a complaint. Allegedly, Reese made misrepresentations. Supposedly, the insurance products which Reese sold or recommended had caused the client to sustain damages. Therefore, Pruco Securities opted to settle the matter on June 10, 2002.
Evidently, a Prudential Securities client filed a complaint about Ray Reese. Notably, the client alleged that Reese made misrepresentations. Because of this, the client sustained damages. Therefore, on May 25, 1999, Prudential Securities settled this matter by paying the client $7,688.27.
Reese has been employed by Money Concepts Capital Corp in Farmington, MO, as a financial advisor since December 27, 2001.
Reese has been employed by Money Concepts Capital Corp in Farmington, MO, as a securities broker since April 14, 1997.
Have you experienced damages by investing with Ray Reese? If so, contact Soreide Law Group at (888) 760-6552 and speak with a securities attorney about a possible recovery of your investment losses. Soreide Law Group, who has successfully recovered money for investors throughout the United States, represents clients on a contingency fee basis and advances all costs. Reese and brokerage firms Reese was employed by 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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