According to ABC 10News, San Diego’s website Ray Lucia responded to SEC charges against him by stating “The Sec has made no, zero, allegations that any investor has been defrauded, has complained or lost a dime.”
The video post, in which Lucia defends himself against SEC charges, has since been removed from the Ray Lucia website. A clip of the video, which shows Lucia reading from a prepared statement, is still available at http://www.10news.com/news/
The SEC charged Lucia with conducting misleading investment seminars. The seminars promoted Lucia’s Buckets of Money strategy and heavily supported investments in non-trade REITs.
Interestingly, the RJL Wealth Management website currently promotes The Bucket Strategy®, and no mention of Buckets of Money was found on the web site.
In addition, disclaimers on the RJL Wealth Management state “There is no guarantee that The Bucket Strategy® will meet its stated objectives. All investments carry risk including loss of principal.”
For more information on The White Law Group’s investigation involving Ray Lucia and the Buckets of Money strategy, visit http://www.whitesecuritieslaw.com/tag/ray-lucia-non-traded-reit-investigation/.
If you have questions about investments you made with Ray Lucia or his affiliate broker-dealers, please call the securities attorneys of The White Law Group at 312-238-9650 for a free consultation.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Boca Raton, Florida.
For more information on The White Law Group, visit http://www.whitesecuritieslaw.