DID ALTON B RANEY II CAUSE YOU INVESTMENT LOSSES?
Alton Raney II Formerly With St Bernard Financial Services, Inc. was terminated on May 16, 2024, for complaint filed by the Arkansas Securities Department alleging violations of Arkansas Code
Who is Alton Raney II formerly with St Bernard Financial Services, Inc.?
Alton Raney II (CRD #1497403) who was formerly registered as a broker with St Bernard Financial Services, Inc. and located in Russellville, Arkansas, is a subject of one of our many securities industry sales practice abuse investigations.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Alton Raney II Employment History
- Alton B. Raney II has extensive experience in the securities industry, spanning several decades and involving multiple firm affiliations. Throughout his career, Raney has passed three principal/supervisory exams, three general industry/product exams, and one multi-state securities law exam, including the General Securities Principal Examination and the Uniform Securities Agent State Law Examination. His most recent registrations include positions with St. Bernard Financial Services, Inc. from September 2023 to May 2024, LPL Financial LLC from December 2018 to April 2023, and Kestra Investment Services, LLC from August 2010 to December 2018. Raney is currently not registered with any firm.
Allegations Against Alton Raney II
Alton B. Raney II has one regulatory event, and one employment termination summarized below:
- Regulatory Event:
- Date: August 2, 2005
- Allegation: Raney, acting on behalf of his member firm, engaged in the securities business when the firm’s net capital was below the required minimum.
- Outcome: Without admitting or denying the allegations, Raney consented to the sanctions and was censured and fined $10,000 jointly and severally. The fine was paid on December 5, 2006.
- Employment Termination:
- On May 16, 2024, St. Bernard Financial Services, Inc. discharged Raney following a complaint filed by the Arkansas Securities Department alleging violations of Arkansas Code 23-42-308 (a)(1), (2)(b), and (a)(2)(g).
Alton Raney II Red Flags & Your Rights As An Investor
Of course, Alton Raney II did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers coupled with the recent termination are red flags which should put all current and former customers of Alton Raney II at St Bernard Financial Services, Inc. on alert to review carefully the activity and performance of their accounts and question whether Alton Raney II has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at St Bernard Financial Services, Inc. also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At St Bernard Financial Services, Inc. Due To Alton Raney II
If you have questions about St Bernard Financial Services, Inc.and/or Alton Raney II and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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