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Mr. Buckets of Money

Lucia Sr. barred from securities, but firm prospers

Raymond Lucia Sr. - Image by Wikipedia
Raymond Lucia Sr.

In September of 2012, the Securities and Exchange Commission charged that nationally syndicated radio personality Raymond Lucia Sr. was spreading misleading information to potential investors at seminars.

Lucia had told participants that his "Buckets of Money" strategy had been empirically backtested, or evaluated how it would have done under past conditions. But they weren't authentic backtests, said the SEC.

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On July 8 of last year, Lucia was banned from the investment business and fined. In 2010, he had sold his main company to his son, Raymond Lucia Jr. Annual audits filed with the SEC show the firm is prospering despite the negative press.

For the year ended 2012, Lucia Securities LLC lost $540,641 on commission income of $13.6 million. But in 2013, the firm's net income zoomed to $3.1 million on commission income of $15.6 million.

Raymond Lucia Sr. has filed for a review of the SEC decision, and it is now under review.

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Raymond Lucia Sr. - Image by Wikipedia
Raymond Lucia Sr.

In September of 2012, the Securities and Exchange Commission charged that nationally syndicated radio personality Raymond Lucia Sr. was spreading misleading information to potential investors at seminars.

Lucia had told participants that his "Buckets of Money" strategy had been empirically backtested, or evaluated how it would have done under past conditions. But they weren't authentic backtests, said the SEC.

Sponsored
Sponsored

On July 8 of last year, Lucia was banned from the investment business and fined. In 2010, he had sold his main company to his son, Raymond Lucia Jr. Annual audits filed with the SEC show the firm is prospering despite the negative press.

For the year ended 2012, Lucia Securities LLC lost $540,641 on commission income of $13.6 million. But in 2013, the firm's net income zoomed to $3.1 million on commission income of $15.6 million.

Raymond Lucia Sr. has filed for a review of the SEC decision, and it is now under review.

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4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs
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