Raleigh Kraft – Financial Advisor/Broker Raleigh Kraft Suspended from Securities Industry

Raleigh Kraft – Financial Advisor/Broker Raleigh Kraft Suspended from Securities Industry | Goodman & Nekvasil P.A., May Recover Investor Losses

Raleigh Kraft CRD #1036719

Raleigh Kraft is a currently licensed financial advisor with H. Beck, Inc. Raleigh Kraft was previously licensed with Wells Fargo Financial Network.  

According to FINRA, Raleigh Kraft was suspended from the securities industry for two months and fined $5,000 in September 2019.

According to FINRA Allegations:

From April 2008 to October 2016 (the “Relevant Period”), Raleigh Kraft used a personal email address to communicate with securities customers concerning business-related matters, causing Raleigh Kraft’s member firm to fail to review the emails and retain them among its books and records, in violation of NASD Rules 3110(a) and 2110, and FINRA Rules 4511 and 2010.

Raleigh Kraft used the personal email account even though the Firm’s written procedures required him to use the Firm’s email system when sending or receiving business related emails. Raleigh Kraft signed annual attestations stating that he was aware of, and abided by, the Firm’s policies and procedures, including specifically the Firm’s policies governing email communications. Furthermore, Raleigh Kraft used the personal email address to send correspondence to customers which required Firm compliance review and pre-approval, and thereby circumvented Firm compliance procedures.

Goodman & Nekvasil, P.A. May Recover Investor Losses:

If you lost money on investments with Raleigh Kraft and believe 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 concerning Raleigh Kraft’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 $180 million on behalf of victimized investors. If you lost money on investments with Raleigh Kraft 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. 

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