Brookfield, Wisconsin financial advisor Peter Glowacki (CRD# 1180975) was recently sanctioned in connection with allegations that he exercised discretion without...
Read MoreRay Anthony: $558K Complaint Against Fincadia Advisor
Sunrise, Florida financial advisor Ray Anthony (CRD# 4565686) allegedly misrepresented an investment, according to a recent investor complaint. Financial Industry Regulatory Authority records show that he is currently registered as a broker with Arete Wealth Management, doing business as Fincadia Capital Partners.
Mr. Anthony’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in April 2024, alleges that as a representative of National Securities Corporation, he engaged in “fraudulent and negligent misrepresentation” and breached his fiduciary duty. The pending complaint alleges damages of $558,215.
A second investor complaint, filed in 2020, alleged that as a representative of National Securities, he recommended unsuitable private placements. In 2021 the complaint reached a settlement of $75,000.
A third investor complaint, filed in 2012, alleged that he failed to follow instructions in connection with equity investments while he was registered with National Securities. In 2013 the complaint reached a settlement of $17,000.
Fincadia Capital Partners’ website includes a page describing the firm’s “holistic approach” to managing its clients’ wealth. “As an Independent Financial Advisor, we are not tied to any one investment company which means we have many tools at our disposal,” it states. “Through numerous institutional networks, we have access to thousands of mutual funds, hundreds of money managers and other unique alternative investments. No matter what the situation brings, we have a wide variety of strategies to implement.”
According to the Financial Industry Regulatory Authority, Ray Anthony holds 21 years of securities industry experience. Based in Sunrise, Florida, he has been registered as a broker with Arete Wealth Management since 2022, doing business as Fincadia. His past registrations include National Securities Corporation, Rockwell Securities, Chicago Investment Group, First Republic Group, and Gilford Securities. His credentials include the passage of three securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. He holds 40 state licenses. (Information current as of April 29, 2024.)
Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.
