Background
Lucia was born in Philadelphia, Pennsylvania.
Radio host television presenter author
Lucia was born in Philadelphia, Pennsylvania.
He is host of The Ray Lucia Show, a nationally syndicated radio and television financial talk show on the Global American Broadcasting Radio Network and the Biz Television Network. On July 8, 2013, The United States Securities and Exchange Commission (Securities and Exchange Commission) banned him from associating with an investment adviser, broker or dealer, revoked his license and that of his former company, and slapped both with a fine -- $50,000 to Lucia and $250,000 to his former firm. His family moved to Poway, California when Lucia was ten years old.
He went to Palomar College on a football scholarship and earned a teaching degree.
Before becoming a financial advisor, Lucia was a high school teacher and football coach, and also played guitar and sang in a rock band. Lucia founded the Raymond J. Lucia Companies, Incorporated. and was the company"s President and Chief Executive Officer for over twenty years.
Registered Representative Magazine named Lucia as one of the "Top 100 Independent Financial Advisors in America" in 2008, and he was one of ten financial advisors recognized in the magazine"s 2004 "Outstanding Broker Awards." On September 5, 2012, the Securities and Exchange Commission alleged that Ray Lucia spread misleading information about his Buckets of Money strategy at a series of investment seminars. Lucia had assured investors that his strategies had been backtested during bear markets.
The Securities and Exchange Commission contended that the only backtesting Lucia performed were some "calculations made in the late 1990s and two two-page spreadsheets." On July 9, 2013, an administrative judge ordered Lucia to pay $50,000, finding that Lucia"s claims that his strategy had been empirically backtested were false.
The administrative judge barred Lucia from associating with any investment advisor or broker, stripped Raymond J. Lucia Companies Incorporated. of its investment adviser registration, and fined the company $250,000. As of 1/3/2015, Ray Lucia Senior’s Financial Industry Regulatory Authority Broker Check record details 21 Customer Disputes, 8 of which are still pending as of 1/3/15. Five of these are from 2012, Six 2013 and Eight from 2104.
Ten of the Eleven “Settled” Claims and Seven of the Eight “Pending” Claims are for “Real Estate Securities.” In 1990, The Ray Lucia Show began airing on radio station KFMB (Department of Administration and Management) in San Diego.
From 2000-2011, the show was nationally syndicated on the Business Talk Radio Network. Currently it can be heard on the Global American Broadcasting Network In 2009, Talkers Magazine named Lucia as one of the "100 Most Important Radio Talk Show Hosts in America." Lucia is also a frequent guest on the Sean Hannity Show.
In September 2010 The Ray Lucia Show was picked up for television by the Biz Television Network. In addition to his own show, Lucia has appeared on American Broadcasting Company"s Good Morning America, Fox News Channel"s Your World With Neil Cavuto and The Cost of Freedom and Consumer News and Business Channel"s On The Money.