---
title: SEC Charges Ray Lucia with Misleading Retirees
description: "The SEC has charged Ray Lucia and his \"Buckets of Money\" investing strategy for spreading misleading information at several investment seminars."
---

[Wealth Management Blog | WrapManager ](https://www.letsassemble.com/wealth-management-blog)

# [SEC Charges Ray Lucia with Misleading Retirees](https://www.letsassemble.com/wealth-management-blog/sec_charges_ray_lucia_with_misleading_retirees)

 Written by [Seton McAndrews](https://www.letsassemble.com/wealth-management-blog/author/seton-mcandrews) | September 22, 2012

The SEC has charged Ray Lucia and his “Buckets of Money” investing strategy for spreading misleading information at several investment seminars. Ray Lucia claimed that his strategy, which attempts to provide inflation adjusted income and portfolio protection, had been back tested extensively. The SEC found that the actual back testing consisted of a two two-page spreadsheets.

[**Read the full story here.**](http://www.fa-mag.com/news/sec-charges-radio-show-advisor-lucia-made-misleading-statements-11837.html)

WrapManager believes this highlights how important it is for investors to conduct proper due diligence before [investing with a money manager](https://www.letsassemble.com/). As this is often difficult to do, WrapManager actively conducts due diligence on several money managers and their strategies. If you would like to [research a money manager](https://www.letsassemble.com/money-manager-research), simply search our [**Money Manager Directory**](https://www.letsassemble.com/money-manager-research) and request the information.

 

[Get Free Research Reports about Ray Lucia's Bucket Strategy](http://www.wrapmanager.com/money-manager-research/ray_lucias_bucket_strategy)

[View full post](https://www.letsassemble.com/wealth-management-blog/sec_charges_ray_lucia_with_misleading_retirees)

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