Brant Andrew Ray, Suspended from Securities Industry – Goodman & Nekvasil P.A, May Recover Your Investment Losses
Goodman & Nekvasil P.A, May Recover Your Investment Losses - Brant Andrew Ray, Suspended from Securities Industry
Brant Ray was formerly licensed with Cetera Advisors, LLC, Commonwealth Financial Network, and Wells Fargo Advisors, LLC. Brant Ray was suspended from the securities and investment banking industry for 18 months and fined $10,000 by the Financial Industry Regulatory Authority (FINRA). FINRA reports that Brant Ray consented to the sanctions and to the entry of the findings that Brant Ray improperly borrowed $50,000 from a 70-year-old customer. The findings stated that at the time of the loan, Brant Ray’s member firm prohibited borrowing from customers with certain exceptions not applicable here. According to FINRA, this loan met none of the exceptions to FINRA Rule 3240 or to the firm’s written procedures. Moreover, FINRA reports that Brant Ray failed to provide Brant Ray’s firm with prior written notice of the loan.
The FINRA findings also stated that Brant Ray falsely certified in an annual compliance questionnaire that he was in compliance with his firm’s prohibition against borrowing from customers. Additionally, the findings stated that Brant Ray provided FINRA with false information and testimony in connection with the investigation of Brant Ray’s loan from the customer.
If you lost any money on investments with Brant Ray you may be able to recover your losses from Cetera Advisors, LLC, Commonwealth Financial Network, and/or Wells Fargo Advisors, LLC. This is because Cetera Advisors, LLC, Commonwealth Financial Network, and Wells Fargo Advisors, LLC had a duty to supervise Brant Ray.
If you lost money on investments with Brant Ray and believe that the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against Cetera Advisors, LLC, Commonwealth Financial Network, and/or Wells Fargo Advisors, LLC concerning Brant Ray’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $300 million on behalf of victimized investors. If you lost money on other investments with Brant Ray and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
Keywords: Brent Andrew Ray, Brent Ray, Ray, Cetera Advisors, Cetera, Wells Fargo, Commonwealth Financial, FINRA, SEC, Fraud, Attorney, Broker, Brokerage, Firm, Brokerage Firm, Invest, Lawyer, Securities Lawyer, Goodman and Nekvasil, Nekvasil, Goodman, Investor, Investment, Financial, Financial Services, Securities,Back to Blogs