Last Updated: April 2024 (Colorado Springs, CO)
Ray Hart Investigation Summary
Here’s what you need to know about Colorado Springs, registered investment advisor Ray Hart:
- Name: Mr. Raymond Ernest Hart
- Current Employer: Not currently registered with FINRA, RFG Advisory LLC (RIA)
- DBA: Confidence Wealth Partners, Triad Partners
- Previous Firms: Accelerated Wealth Advisors (RIA), USAA Investment Services, USAA Financial Advisors
- Function: Stock Broker/ Financial Advisor/Registered Investment Advisor
- Aliases: Ray Hart
- Primary Location: Colorado Springs, CO
- CRD 6333498
- Sanctioned by Regulators: No
- Pending Customer Dispute Seeks Damages of $250,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Ray Hart As Your Stockbroker?
In 3/2024 a customer of Accelerated Wealth Advisors brought a complaint alleging that Ray Hart sold an annuity without appropriate disclosure of the fact that he was receiving extra commissions on top of standard commission payout for selling high volume of one particular annuity family. The senior citizen customer indicated that high pressure sales tactics were utilized and that Hart failed to inform him of the downsides of the policy sold. The customer indicated that throughout meetings he was subject to extreme vision issues as well as inability to concentrate due to a recent assault. The customer is seeking damages of $250,000.
[LEARN MORE]:
See this for our prior investigations of cases involving Annuities
Allegations of Broker Misconduct Against Ray Hart
Customers of Ray Hart have alleged the following wrongdoing in connection with the handling of customer accounts:
- Charging excessive commissions
- High Pressure Sales Tactics
- Failure to comply with Best Interest Regulations
- Violating SEC Reg. SP
- Taking advantage of his debilitation by using high pressure tactics while customer was in a diminished state.
[LEARN MORE]: Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)
Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer.
[LEARN MORE]: FINRA Rule 2111- suitability
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Ray Hart, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
