by Robert H. Rex, Esq.
UPDATE JULY 2013– The SEC fined Ray J. Lucia, Sr. and his firm were fined $300,000 for spreading misleading information about his “Buckets of Money” investment strategy. He was also barred from associating with other advisers, brokers and dealers and his firm’s investment adviser registration was revoked.
On September 5, 2012, the Securities and Exchange Commission charged Ray Lucia, Sr., a nationally syndicated radio personality and author of an investing strategy “Buckets of Money”, with misleading investors. The SEC release can be viewed here and the SEC Order may be viewed here. Lucia, who is from the San Diego area, regularly touts his investment theory on radio shows and at seminars across the country.