‘Buckets of Money’ Advisor Settles With SEC After Long Legal Battle
June 17, 2020
After a 10-year battle including a Supreme Court case in which he prevailed over the Securities and Exchange Commission, former RIA Raymond Lucia Sr. and his former advisory firm, Raymond J. Lucia Cos., agreed Tuesday to settle charges related to the marketing of their “Buckets of Money” retirement investing strategy.
Lucia will pay a $25,000 fine and drop a case he has filed against the SEC.