**Haselkorn & Thibaut has opened an investigation into Irvine, California-based financial advisor Jim Raia (CRD# 2397301), currently registered with Emerson Equity.** If you have invested with Jim Raia, or were formerly a client during his tenure at Moloney Securities, it is important to stay informed about his regulatory record and the concerns raised by former clients. This report is designed to help you understand the details, recognize potential red flags, and know what steps to take next.
About Jim Raia – Broker in Irvine, California (Emerson Equity / Formerly Moloney Securities)
With a securities industry background stretching **28 years**, Jim Raia has served investors as a broker in California and other states. Currently, he is registered with **Emerson Equity** (since May 2025) and does business through Jim Raia Investment Group. His previous affiliations include **Moloney Securities**, Summit Brokerage Services, JP Turner & Company, Gunnallen Financial, Greenpoint Securities, Essex National Securities, MetLife Securities, Shamrock Financial Services, and Continental Broker-Dealer Corporation.
Jim Raia is licensed in **California, Connecticut, Florida, New Jersey, New York, North Carolina, Pennsylvania, and South Carolina**. He holds several examinations including the SIE, Series 7, Series 6, Series 63, and Series 62.
Current Open Complaints and Past Settlements Involving Jim Raia
Understanding a financial advisor’s regulatory and complaint history is vital for making informed decisions about your investments. Below, you’ll find a detailed and up-to-date overview of investor complaints filed against Jim Raia, including the nature of the allegations, current status, and resolution amounts wherever available.
| Source | Date Filed | Allegations / Claims | Outcome / Status | Damages or Settlement |
| FINRA BrokerCheck |
December 2025 | Misrepresentation of material facts; recommended unsuitable REIT and oil & gas investments (during tenure at Moloney Securities) | Withdrawn by client | $115,000 (claimed, withdrawn) |
| FINRA BrokerCheck |
January 2025 (pending) |
Recommended unsuitable corporate bond investments; acted negligently (while at Moloney Securities) | Pending | $940,000 (claimed) |
| FINRA BrokerCheck |
2024 | Negligence; unsuitable corporate bonds (representing Moloney Securities) | Settled (2025) | $192,500 (settled) |
| FINRA BrokerCheck |
2023 | Unsuitable corporate bond recommendations; negligence (while at Moloney Securities) | Settled (2024) | $22,378.67 (settled) |
| FINRA BrokerCheck |
2022 | Negligence; unsuitable corporate bond products (Moloney Securities) | Settled (2023) | $10,000 (settled) |
Key Patterns and Red Flags in Jim Raia’s Disclosed Complaints
- Repeated Allegations of Unsuitable Recommendations: The majority of complaints center around claims of unsuitable investment advice—primarily in non-traded REITs, oil and gas funds, and especially corporate bonds.
- Claims of Negligence: Several clients allege that Jim Raia acted negligently in handling their investment portfolios.
- Significant Claimed Damages: One pending complaint from January 2025 alleges losses of $940,000—a major figure that underscores the importance of careful supervision and suitability analysis.
- Multiple Settlements: Several of the complaints have resulted in monetary settlements, while a few were withdrawn or remain pending.
Jim Raia’s Regulatory Qualifications
For investors reviewing their advisor’s qualifications, it’s notable that Jim Raia has passed the following securities examinations:
- Securities Industry Essentials Examination (SIE)
- Series 6 – Investment Company Products/Variable Contracts Representative Examination
- Series 7 – General Securities Representative Examination
- Series 62 – Corporate Securities Limited Representative Examination
- Series 63 – Uniform Securities Agent State Law Examination
He is currently registered as a broker in multiple states and remains active with Emerson Equity in Irvine, California.
What Should Investors Take Away?
If you worked with Jim Raia at Emerson Equity or Moloney Securities, or were sold corporate bonds, REITs, oil & gas funds, or other complex products, it’s prudent to carefully review your account for any signs of losses inconsistent with your stated objectives and risk tolerance. According to the summary above, claims of unsuitability and negligence are a recurring theme.
It’s important not to panic, but to act thoughtfully. Even if the precise outcome of individual complaints is unclear or pending, multiple customers reporting similar issues is a signal to investigate further.
What to Do Next – Get a Free Consultation with Haselkorn & Thibaut
If you suspect you have incurred losses or believe you may have been given unsuitable advice by Jim Raia (currently at Emerson Equity, formerly at Moloney Securities), do not wait to take steps to protect your rights.
- Haselkorn & Thibaut has launched a dedicated investigation into Jim Raia and has decades of experience representing investors in securities-related disputes.
- The firm has a 98% success rate, more than 50 years of combined experience, and has recovered millions for investors nationwide. No recovery, no fee.
- Complimentary, confidential case reviews are available. There are no upfront costs and no obligation—you only pay if there is a financial recovery for you.
- Contact Haselkorn & Thibaut now at 1-888-885-7162.
You deserve clear answers. Use this opportunity to review your case in confidence and ensure your interests are protected.
Find Out More About Jim Raia’s Regulatory Record
For a complete list of his disclosures, see his official BrokerCheck profile.
Contact Haselkorn & Thibaut Today
Don’t hesitate to reach out if you have questions or concerns about your investments with Jim Raia at Emerson Equity in Irvine, CA or from his previous role at Moloney Securities. Taking early action often makes a difference in the outcome.
Call 1-888-885-7162 for your free, confidential, and no-obligation case consultation with Haselkorn & Thibaut, the national investment fraud law firm you can trust.
