Haselkorn & Thibaut, P.A., operating as Investment Fraud Lawyers, has officially opened an investigation into Raymond Adam Menna (CRD #1918097), a broker currently registered with The Leaders Group, Inc. and Verity Asset Management. If you are an investor concerned about possible improper conduct relating to your investments with Raymond Menna, we urge you to read further and use our insider knowledge to evaluate your options and recovery path.
Our attorneys have spent decades protecting investors against financial misconduct—drawing on our experience as former Wall Street defense counsel to aggressively advocate for individuals seeking to recover their losses. We have achieved a 98% success rate in hundreds of investor claims, with more than $520 million involved in securities matters, and our attorneys are recognized among the Top 2% peer-reviewed (Martindale-Hubbell AV Preeminent), as well as being Super Lawyers-designated. With a 5.0-star client review track record and a strict “No recovery, no fee” policy, you can trust our commitment to your case.
Why Investors Are Concerned: Background on Raymond Menna, The Leaders Group, Inc. Broker
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Raymond Adam Menna functions as a registered broker through The Leaders Group, Inc. and as an investment adviser with Verity Asset Management. His FINRA BrokerCheck record (BrokerCheck) reveals disclosures you should know if you have invested—especially in Massachusetts or through his current or former broker-dealer appointments.
Summarizing FINRA BrokerCheck Disclosures for Raymond Adam Menna (CRD #1918097)
As of our most recent research, here’s an overview of the relevant public disclosures and regulatory or client dispute records connected to Raymond Menna:
- Two regulatory action disclosures: Massachusetts Securities Division and FINRA have both taken action against Menna.
- Two customer dispute disclosures: These pertain to alleged altered paperwork and unsuitable investing, among other material complaints.
Our firm has compiled the current list of key issues, regulatory actions, and complaint history below—including allegations involving altering client paperwork, unauthorized activity, and improper compensation related to client losses.
Key Regulatory Actions Against Raymond Menna
| Date | Regulator | Summary & Results |
|---|---|---|
| January 14, 2021 | Massachusetts Securities Division | Entered a consent order against Menna, placing him under heightened supervision for three years. The order mandated quarterly compliance statements and required all sales to Massachusetts clients to have enhanced supervisory approval. This followed the prior FINRA AWC sanctions and aimed to address previous deficiencies. |
| August 22, 2018 | FINRA | Menna was sanctioned for improperly sharing in a client’s investment losses without required approvals (FINRA Rule 2150 violation), as well as giving inaccurate answers on compliance questionnaires. Penalties: 45-day suspension and $5,000 fine. |
Customer Disputes and Allegations: A Timeline of Complaints
- June 24, 2026: A client alleged that Raymond Menna altered paperwork used to establish her account. According to the dispute, this alleged alteration resulted in overcharges of $20,328.80. The firm’s review ultimately denied the complaint, but noted an alteration had occurred, and later issued a fee reduction as a “goodwill” gesture.
- November 17, 2017: A client accused Menna of unauthorized trading, unsuitable investments, misrepresentation, and omissions. The original demand for damages was $1 million. The matter settled for $260,000, with Menna personally contributing $35,000. The settlement expressly stated there was no admission of liability or wrongdoing.
What Rules Were Allegedly Violated?
- FINRA Rule 2150 – Limits how brokers can use client funds and share in profits or losses. Written approval from both the client and the firm is generally required.
- FINRA Rule 2010 – Establishes a duty to maintain high standards of commercial honor and fair dealing at all times.
Allegations of altered paperwork, loss-sharing, unauthorized trades, and misrepresentation fall under these critical protections.
Why Regulation Best Interest (Reg BI) Matters for Investors
Reg BI requires brokers and financial advisors to act in a retail customer’s best interest when making an investment recommendation. Under this rule, they must:
- Disclose all material facts about fees, services, and conflicts.
- Exercise reasonable diligence, care, and skill when advising you.
- Eliminate or mitigate conflicts of interest.
- Maintain strict compliance policies and procedures.
If a broker such as Raymond Menna, operating through The Leaders Group, Inc., failed to meet any of these standards, investors may have been placed at risk and may have suffered avoidable losses.
Frequently Asked Questions: What Should Concerned Investors Do?
- Is it possible my account was mishandled? If you experienced unexplained losses, unauthorized trades, or suspicious paperwork alterations, it is important to have your portfolio reviewed by skilled counsel.
- Are there time limits on recovery? Yes. Deadlines apply to securities arbitration and legal recovery. Contacting our attorneys promptly can help preserve your rights.
- How do I investigate or file a complaint regarding Raymond Menna? Our firm can conduct a detailed analysis of your investments, communications, and account documentation to assess your recovery options.
How We Fight for Investors Like You
With over 95 years of combined securities law experience, our team leverages a deep understanding of defense strategies and builds aggressive, well-researched cases for clients. When broker conduct falls short, we act quickly to help you recover losses and preserve your hard-earned funds. Initial consultations are always free and strictly confidential.
Your Next Steps: Speak With a Securities Attorney Today
If you invested with Raymond Adam Menna (The Leaders Group, Inc., CRD #1918097) and have lost funds or suspect misconduct, do not wait. Let our attorneys, drawing on experience as former Wall Street defense lawyers, work for you. Our investigation is ongoing, and we may be able to help you recover your investment losses.
Contact us now for a free consultation at 1-888-885-7162. There is no obligation and no fee unless we recover for you.
If your future has been impacted by advisory misconduct, take the step to secure your financial recovery. We are ready to advocate for you and hold those responsible accountable.
