Michael Raineri: $135K Complaint Against Raineri Financial Advisor

A recent investor complaint against Seattle financial advisor Michael Raineri (CRD# 4817558) alleges that his conduct resulted in damages of more than $100,000. Records provided by the Financial Industry Regulatory Authority indicate that he is a broker and an investment advisor with Securities America, doing business as Raineri Financial.

Mr. Raineri’s BrokerCheck report discloses one investor complaint. Filed in January 2023, it alleges that as a representative of Securities America, he “transferred approximately $135,000 from [the] customer’s bank account to himself without [the] customer’s consent.” The pending complaint alleges damages of $135,000. In a “Broker Statement” included with the complaint’s disclosure, Mr. Raineri writes: “Filed without financial professional’s signature to avoid delay.”

According to the Financial Industry Regulatory Authority, Michael Raineri holds 18 years of securities industry experience. Based in Seattle, Washington, he has been a broker and an investment advisor with Securities America since 2020, doing business as Raineri Financial. His past registrations include KMS Financial (Seattle, Washington; 2018-2020), Cetera Advisors (Seattle, Washington; 2012-2018), Pacific West Securities (Seattle, Washington; 2006-2012), and Pacific West Financial Consultants (Renton, Washington; 2005-2012). As his profile on Raineri Financial’s website describes, he “spent more than 20 years and banking and retail financial services” before establishing the firm, with positions at banks like Wells Fargo and Washington Mutual. His credentials include the passage of four securities industry qualifying exams: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the Securities Industry Essentials Examination, or SIE; the Uniform Combined State Law Examination, or Series 66; and the Uniform Investment Adviser Law Examination, or Series 65. He is licensed in California, Montana, Texas, and Washington. (Information current as of March 7, 2023.)

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