Investor Alleges Ray Geese Violated State Law

Ray GeesePublic records published by the Financial Industry Regulatory Authority (FINRA) and accessed on June 15, 2018 indicate that Missouri-based Money Concepts Capital Corporation broker/adviser Ray Geese is involved in resolved or pending customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Geese (CRD# 1694620).

Ray Geese has spent 29 years in the securities industry and has been registered with Money Concepts Capital Corporation in Farmington, Missouri since 1997. Previous registrations include Pruco Securities in Newark, New Jersey (1989-1996); the Prudential Insurance Company of America in Newark, New Jersey (1989-1993); Hibbard Brown & Company (1988); and Sherwod Capital (1987-1988). He has passed two securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on July 31, 1987, and Series 7 (General Securities Representative Examination), which he obtained on August 15, 1987. He is a registered broker and investment adviser with nine US states: Alabama, Arizona, Florida, Georgia, Illinois, Kansas, Missouri, Oklahoma, and Oregon.

According to his BrokerCheck report, he has received two customer complaints and one pending customer complaint.

In May 2018 a customer alleged Ray Geese, while employed at Money Concepts Capital Corporation, misrepresented material facts related to a real estate investment. The customer sought $75,000 in damages in the complaint, which was denied.

In April 2018 a customer alleged Ray Geese, while employed at Money Concepts Capital Corporation, recommended unsuitable investments, acted negligently, breached contract, and violated state laws. The customer is seeking $650,000 in damages in the pending complaint.

In 2015 a customer alleged Ray Geese, while employed at Money Concepts Capital Corporation, recommended unsuitable investments that decreased in value. The complaint settled in 2016 for $95,000.

In 2002 a customer alleged he, while employed at Pruco, misrepresented material facts related to a variable appreciable life insurance policy. The customer sought more than $5,100 in damages in the complaint, which was closed with no action taken.

In 1999 a customer alleged he, while employed at Prudential, misrepresented material facts related to a variable annuity investment. The complaint settled with the firm rescinding the policy and restoring an existing policy at a cost of about $7,688.27.

If you or someone you know has lost money investing with Ray Geese, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.