Investigation: Brant Andrew Ray, formerly of Cetera Advisors

The Sonn Law Group is investigating claims related to Brant Ray (FINRA CRD Number: 4746637).

Brant Ray was named a respondent in a FINRA complaint alleging that he improperly borrowed $50,000 from a customer. The complaint alleges that at the time of the loan, Ray’s member firm prohibited borrowing from customers with certain exceptions not applicable here.

The loan met none of the exceptions to FINRA Rule 3240 or to the firm’s written procedures. Moreover, Ray failed to provide his firm with prior written notice of the loan. The complaint also alleges that Ray falsely certified in an annual compliance questionnaire that he was in compliance with his firm’s prohibition against borrowing from customers.

The complaint further alleges that Ray provided FINRA with false information and testimony in connection with the investigation of his loan from the customer.

Further, Ray filed for bankruptcy back in 2015, according to his profile on BrokerCheck.

If you’ve ever invested your money with Brant Ray the Sonn Law Group is interested in hearing from you. Our experienced securities fraud lawyers will listen to the specifics of your circumstances and give you an honest evaluation of your options.

Call us now at 305.912.3000 or fill out our short contact form to speak with a legal professional about your investments with Brant Ray.