A nationally syndicated radio host and wealth manager has incurred the wrath of the SEC for sharing his retirement strategies with the public – and may be legally prevented from doing so in the future.
San Diego-based Ray Lucia, a radio personality and frequent contributor to CNBC and Fox News, has been accused by the SEC of providing untested and inappropriate investment advice, and are seeking an order to block him from making such claims in the future, according to the Los Angeles Times.
Lucia's own fee-based investment program, dubbed "Buckets of Money," has been a popular draw at seminars across the country, often with economist and actor Ben Stein as a co-host.
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