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Investors Seek Over $2 Million in Disputes with Micah Rayner

Micah Rayner (CRD #: CRD#: 6252596), a broker registered with Arete Wealth Management, allegedly recommended unsuitable investments, according to his BrokerCheck record, accessed on October 30, 2024. Read on if you want to know more about his alleged conduct as a broker.

Investor Disputes

Eight disputes filed on August 23, 2024, allege that Micah Rayner made unsuitable investment recommendations. These disputes seek a collective $2.006 million in damages.

Two additional disputes filed on August 23, 2024, also alleged that Micah Rayner recommended unsuitable investments. These disputes were settled for a total of $210,000.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to take into account investors’ financial goals when recommending investments. Brokers must consult an investor’s profile, which describes their tax status, risk tolerance, and investing experience.

Investors who rely on brokers for recommendations may be able to recover their losses by pursuing FINRA arbitration.

Background Information

Micah Rayner has passed the following exams:

  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination
  • Series 4 – Registered Options Principal Examination
  • Series 27 – Financial and Operations Principal Examination
  • Series 24 – General Securities Principal Examination

Micah Rayner is a registered broker in Florida.

He has also worked for Center Street Securities (CRD#:26898).

Kurta Law Can Help

If you worked with Micah Rayner and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. 

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