Opes Financial Solutions is a corporation put-together by “Rake Murray”, who had his FINRA license revoked in 2010 (and was terminated from WMG) related to DECEPTION AND FRAUD -
Let's see what FINRA has to say about Rake Murray, the OWNER of "Opes Financial Solutions":
The key catalyst incident that resulted in Rake's license being revoked in 2010 is:
California Superior Court Of California (County of Los Angeles) BC445937 (Cole vs. World Group Securities), which is PUBLIC RECORD – happens to have been filed the EXACT MONTH that Rake Murray’s License was REVOKED with FINRA – Would you like to know what the case is about? (or if it mentions "Rake" by name?) Lets see:
BC445937 is a case about a lady by the name of Ms. Cole, who is suing the company that Rake Murray worked for – Here is what she says in her case:
“Senior Marketing Director, Rake Murray, began pressuring Plaintiff COLE to purchase and invest…”
“He promised her that she could access 90% of the money at any time, when no such liquidity was available”
“the so-called ‘lucrative’ job opportunity she was promised was a mere sham”
Interestingly enough, by 2012, when the case had ended, and the company Rake was working for (World Group Securities) or “WMG” (the one sued by Ms. Cole) also got its FINRA license revoked and is no longer in business:
*** The point of all this information is: Opes Financial Solutions is a scam that is run by the principal owner (Rake Murray), who is unlicensed and untrustworthy. Don’t take my word for it – Take FINRA’s (Financial Industry Regulatory Authority).
Advice: Don’t work for this joker. Don’t associate with him, or any of his scam operations, which includes Opes Financial Solutions! Rake created Opes the same month that he was TERMINATED from WMG related to that FRAUD case. He opened Opes and is now convincing money-hungry (and ill informed) salesman to scam people (usually their own family and friends) into getting unnecessary financial products so Rake can commission (since he is unlicensed and knows that anyone who does a name search on him will come up with FRAUD ALL OVER THE PLACE! Again - This is not me saying "fraud", this is public record, and even FINRA themselves list "FRAUD". Click on the links, consult the court documents, it's all there for anyone who is diligent enough to do the research.
I don’t like being lied to either. That’s why I took the matters into my own hands and looked up information on Opes Financial Solutions and Rake Murray. A quick search on pacer.gov (free website used to search cases, lawsuits, etc) shows that case number BC445937 is invalid and that Cole vs World Group Securities did not return any cases. On govinfo.gov (another free websites used to search nationally for lawsuits, court documents, and hearings in the United States) for case BC445937 has zero results. Again, another search on govinfo.gov into the case “Cole vs World Group Securities” shows results but no cases titled the one mentioned above. Even a basic Google search of “Cole vs World Group Securities” does not show a case or lawsuit.
Onto brokercheck.FINRA.org (FINRA stands for Financial Industry Regulatory Authority), the exact allegations by the client are, “CLIENT ALLEGES MISREPRESENTATION OF HER VARIABLE ANNUITY ISSUED ON 4/05/00. SHE STATES THE REPRESENTATIVE TOLD HER THAT HER PRINCIPAL WAS SECURE FROM RISK FOR EIGHT YEARS.” where the damage amount requested was $144,000.000. Finally, the broker’s comment on that was, “NO INDICATIONS OF SALES PRACTICE VIOLATIONS ON THE PART OF THE REGISTERED REPRESENTATIVE, COMPLAINT DENIED.” This was reposted from the link, https://brokercheck.finra.org/individual/summary/2630491#timelineSection. Further, as stated on brokercheck.finra.org, this complaint was issued 5/29/2001, while working at WMA Securities(worked 09/07/1995 - 04/12/2002), not at World Group Securities (worked 04/12/2002 - 09/21/2010) as stated in the original post.
****The point of this post is to be aware of who is accusing whom, what they’re accusations are, and to ask yourself why someone would commit slander.
Let’s count all the misrepresentation Or shall we just call them lies, since that’s really what they are…) by this “vice president” of opes financial solutions –
Lie#1: samantha ford claims “opes financial solutions” is a bank/financial institution on the banner graphic on her facebook: https://www.Facebook.com/smartfinancialsolutionsbysam/
Incase you were wondering, her own website that she lists above Http://smartfinancialsolutionsbysam.com) is blank: How official!)
But lets get to the point of this "bank/financial institution" claim on her business page:
Is that true? Is opes a "bank" or "financial institution" - lets find out!
Definition of a bank: a financial institution licensed as a receiver of deposits. There are two types of banks: commercial/retail banks and investment banks. In most countries, banks are regulated by the national government or central bank. Investopedia, 2014) see: http://www.Investopedia.com/terms/b/bank.Asp
Since opes does not take deposits and is not regulated by the government as a bank, opes is not a bank.
Definition of a financial institution: private Shareholder-owned) or public Government-owned) organizations that, broadly speaking, act as a channel between savers and borrowers of funds Suppliers and consumers of capital). Http://www.Businessdictionary.com/definition/financial-institution.Html#ixzz3605we4ep Businessdictionary.com)
Additionally, in order to be recognized as a “financial institution”, an organization must adhere to and fall within one of the catagories listed in: 18 u.S. Code § 20: “a financial institution is one of the following:
(1) an insured depository institution As defined in section 3C)(2) of the federal deposit insurance act);
(2) a credit union with accounts insured by the national credit union share insurance fund;
(3) a federal home loan bank or a member, as defined in section 2 of the federal home loan bank act (12 u.S.C. 1422), of the federal home loan bank system;
(4) a system institution of the farm credit system, as defined in section 5.35(3) of the farm credit act of 1971;
(5) a small business investment company, as defined in section 103 of the small business investment act of 1958 (15 u.S.C. 662);
(6) a depository institution holding company As defined in section 3W)(1) of the federal deposit insurance act;
(7) a federal reserve bank or a member bank of the federal reserve system;
(8) an organization operating under section 25 orsection 25A) [1]of the federal reserve act;
(9) a branch or agency of a foreign bank As such terms are defined in paragraphs (1) and (3) of section 1B) of the international banking act of 1978); or
(10) a mortgage lending business As defined in section 27 of this title) or any person or entity that makes in whole or in part a federally related mortgage loan as defined in section 3 of the real estate settlement procedures act of 1974. “
Cornell law school, 2014) see: http://www.Law.Cornell.Edu/uscode/text/18/20
Since opes most certainly does not adhere to 18 u.S. Code § 20, opes cannot be considered, and is certainly not a financial institution.
So what kind of company is opes financial solutions, llc???
A marketing company Not a bank, not a financial institution). According to the federal government, opes is a “marketing group” – see page 4 Bottom of page): http://brokercheck.Finra.Org/support/reportviewer.Aspx?Searchgroup=individual&firmkey=-1&brokerkey=2630491
*** so, conclusion #1: samantha ford’s claim that she works for a “bank/financial institution” on her facebook page is grossly misleading and misrepresentative of “opes financial solutions”. She And her company) are pretending to be more credible than they actually are, by using terms like “bank” and “financial institution” when they are nothing of the like, and do not have the federal licensure, regulatory approval, or certifications necessary to claim any of those things.
Lie#2 samantha ford claims “opes financial solutions is one of the world’s leading insurance, pension and related financial services organizations.” this can be seen on the “info” tab of her facebook page: Smartfinancialsolutionsbysam – facebook page: https://www.Facebook.com/smartfinancialsolutionsbysam/info
According to samantha's facebook page:
The problem… first of all: opes is not an insurance company. Opes is a marketing company As was pointed-out earlier).
Second of all, even if opes was an insurance company Which they aren’t), they are most certainly not “one of the worlds leading insurance, pension and related financial services organizations”. “world leading”? That’s just a flat lie. Come on samantha - where do you get off saying that?
Where is opes on the list of “leading insurance/financial companies”? Please help me find your source for your claim samantha – because according to the following sources below, opes does not even rank whatsoever. So, again, where do you get off saying all these lies?
I would like to know samantha’s evidence that opes financial solutions is “one of the worlds leading” anything! can you produce some kind of evidence or proof that opes ranks among insurance companies? Curious how ”marketing group” would rank among “insurance companies”… can you explain that to me samantha?
On what basis do you Or anyone at opes financial solutions) claim to be a “bank”? Or a “financial institution”? Or “one of the worlds leading insurance … organizations”?
On what basis?
*** conclusion #2: samantha ford And opes financial solutions) has absolutely no basis, and no right to claim that they are a bank or a financial institution of any kind. Furthermore, it does not appear that they have any basis to claim that they are in-fact, “a leader” of anything finance related.
Just curious samantha - any proof of any of these wild claims? Or just hoping to sucker some people into thinking you and this company are something you’re not?
You’d think someone that is such an “expert” on finance, like samantha claims she is, would know the difference between a bank and a marketing company. But, since samantha is not a real “financial/investment advisor”, her knowledge is limited to what the owner of this company taught her…
…who’s the owner again? Oh yah – rake murray…
Need anyone say more?
It would be wonderful to hear-back from a representative of opes Perhaps samantha or rake) regarding all these misleading claims "bank", "financial institution", "worlds leading.." that the company uses to market itself. Have you guys even heard of "18 us code 20"? Aren't you guys worried about being sued for all these lies?
Here - the government can print you out a copy of the governments definition of "financial institution":
Can anyone from opes shed some light as to why anyone should do business with a company that's "vice president" misrepresents and lies on her facebook business page, and/or do business with a company that is owned by someone with a financial Finra) and legal background as shoddy as that of "rake murray?"
Opes Financial Services - Opes Financial - Rake Murray - Rake Gallaway Murray - Rake G Murray Opes Financial Solutions is owned and operated by an UNLICENSED Scam Artist ,Rake Murray, who has been SUED for FRAUD in California Superior Court Case #BC445937
OPES Financial Solutions, LLC. Reviews - FALSE COMPLIANT
I have never heard of this company, but who ever wrote this compliant is pretty stupid! I research Rake Murray on the FINRA website and there is nothing that states anything about any license being revoked.
Opes Financial Solutions is a corporation put-together by “Rake Murray”, who had his FINRA license revoked in 2010 (and was terminated from WMG) related to DECEPTION AND FRAUD -
Let's see what FINRA has to say about Rake Murray, the OWNER of "Opes Financial Solutions":
OPES Financial Solutions, LLC. Reviews
Opes Financial Solutions is a corporation put-together by “Rake Murray”, who had his FINRA license revoked in 2010 (and was terminated from WMG) related to DECEPTION AND FRAUD -
Let's see what FINRA has to say about Rake Murray, the OWNER of "Opes Financial Solutions":
http://brokercheck.finra.org/Support/ReportViewer.aspx?SearchGroup=Individual&FirmKey=-1&BrokerKey=2630491
The key catalyst incident that resulted in Rake's license being revoked in 2010 is:
California Superior Court Of California (County of Los Angeles) BC445937 (Cole vs. World Group Securities), which is PUBLIC RECORD – happens to have been filed the EXACT MONTH that Rake Murray’s License was REVOKED with FINRA – Would you like to know what the case is about? (or if it mentions "Rake" by name?) Lets see:
BC445937 is a case about a lady by the name of Ms. Cole, who is suing the company that Rake Murray worked for – Here is what she says in her case:
“Senior Marketing Director, Rake Murray, began pressuring Plaintiff COLE to purchase and invest…”
“He promised her that she could access 90% of the money at any time, when no such liquidity was available”
“the so-called ‘lucrative’ job opportunity she was promised was a mere sham”
Interestingly enough, by 2012, when the case had ended, and the company Rake was working for (World Group Securities) or “WMG” (the one sued by Ms. Cole) also got its FINRA license revoked and is no longer in business:
http://brokercheck.finra.org/Support/ReportViewer.aspx?SearchGroup=Firm&FirmKey=114473&BrokerKey=-1
*** The point of all this information is: Opes Financial Solutions is a scam that is run by the principal owner (Rake Murray), who is unlicensed and untrustworthy. Don’t take my word for it – Take FINRA’s (Financial Industry Regulatory Authority).
Advice: Don’t work for this joker. Don’t associate with him, or any of his scam operations, which includes Opes Financial Solutions! Rake created Opes the same month that he was TERMINATED from WMG related to that FRAUD case. He opened Opes and is now convincing money-hungry (and ill informed) salesman to scam people (usually their own family and friends) into getting unnecessary financial products so Rake can commission (since he is unlicensed and knows that anyone who does a name search on him will come up with FRAUD ALL OVER THE PLACE! Again - This is not me saying "fraud", this is public record, and even FINRA themselves list "FRAUD". Click on the links, consult the court documents, it's all there for anyone who is diligent enough to do the research.
Unsupported Claims
I don’t like being lied to either. That’s why I took the matters into my own hands and looked up information on Opes Financial Solutions and Rake Murray. A quick search on pacer.gov (free website used to search cases, lawsuits, etc) shows that case number BC445937 is invalid and that Cole vs World Group Securities did not return any cases. On govinfo.gov (another free websites used to search nationally for lawsuits, court documents, and hearings in the United States) for case BC445937 has zero results. Again, another search on govinfo.gov into the case “Cole vs World Group Securities” shows results but no cases titled the one mentioned above. Even a basic Google search of “Cole vs World Group Securities” does not show a case or lawsuit.
Onto brokercheck.FINRA.org (FINRA stands for Financial Industry Regulatory Authority), the exact allegations by the client are, “CLIENT ALLEGES MISREPRESENTATION OF HER VARIABLE ANNUITY ISSUED ON 4/05/00. SHE STATES THE REPRESENTATIVE TOLD HER THAT HER PRINCIPAL WAS SECURE FROM RISK FOR EIGHT YEARS.” where the damage amount requested was $144,000.000. Finally, the broker’s comment on that was, “NO INDICATIONS OF SALES PRACTICE VIOLATIONS ON THE PART OF THE REGISTERED REPRESENTATIVE, COMPLAINT DENIED.” This was reposted from the link, https://brokercheck.finra.org/individual/summary/2630491#timelineSection. Further, as stated on brokercheck.finra.org, this complaint was issued 5/29/2001, while working at WMA Securities(worked 09/07/1995 - 04/12/2002), not at World Group Securities (worked 04/12/2002 - 09/21/2010) as stated in the original post.
****The point of this post is to be aware of who is accusing whom, what they’re accusations are, and to ask yourself why someone would commit slander.
Let’s count all the misrepresentation Or shall we just call them lies, since that’s really what they are…) by this “vice president” of opes financial solutions –
Lie#1: samantha ford claims “opes financial solutions” is a bank/financial institution on the banner graphic on her facebook: https://www.Facebook.com/smartfinancialsolutionsbysam/
Incase you were wondering, her own website that she lists above Http://smartfinancialsolutionsbysam.com) is blank: How official!)
But lets get to the point of this "bank/financial institution" claim on her business page:
Is that true? Is opes a "bank" or "financial institution" - lets find out!
Definition of a bank: a financial institution licensed as a receiver of deposits. There are two types of banks: commercial/retail banks and investment banks. In most countries, banks are regulated by the national government or central bank. Investopedia, 2014) see: http://www.Investopedia.com/terms/b/bank.Asp
Since opes does not take deposits and is not regulated by the government as a bank, opes is not a bank.
Definition of a financial institution: private Shareholder-owned) or public Government-owned) organizations that, broadly speaking, act as a channel between savers and borrowers of funds Suppliers and consumers of capital). Http://www.Businessdictionary.com/definition/financial-institution.Html#ixzz3605we4ep Businessdictionary.com)
Additionally, in order to be recognized as a “financial institution”, an organization must adhere to and fall within one of the catagories listed in: 18 u.S. Code § 20: “a financial institution is one of the following:
(1) an insured depository institution As defined in section 3C)(2) of the federal deposit insurance act);
(2) a credit union with accounts insured by the national credit union share insurance fund;
(3) a federal home loan bank or a member, as defined in section 2 of the federal home loan bank act (12 u.S.C. 1422), of the federal home loan bank system;
(4) a system institution of the farm credit system, as defined in section 5.35(3) of the farm credit act of 1971;
(5) a small business investment company, as defined in section 103 of the small business investment act of 1958 (15 u.S.C. 662);
(6) a depository institution holding company As defined in section 3W)(1) of the federal deposit insurance act;
(7) a federal reserve bank or a member bank of the federal reserve system;
(8) an organization operating under section 25 orsection 25A) [1]of the federal reserve act;
(9) a branch or agency of a foreign bank As such terms are defined in paragraphs (1) and (3) of section 1B) of the international banking act of 1978); or
(10) a mortgage lending business As defined in section 27 of this title) or any person or entity that makes in whole or in part a federally related mortgage loan as defined in section 3 of the real estate settlement procedures act of 1974. “
Cornell law school, 2014) see: http://www.Law.Cornell.Edu/uscode/text/18/20
Since opes most certainly does not adhere to 18 u.S. Code § 20, opes cannot be considered, and is certainly not a financial institution.
So what kind of company is opes financial solutions, llc???
A marketing company Not a bank, not a financial institution). According to the federal government, opes is a “marketing group” – see page 4 Bottom of page): http://brokercheck.Finra.Org/support/reportviewer.Aspx?Searchgroup=individual&firmkey=-1&brokerkey=2630491
*** so, conclusion #1: samantha ford’s claim that she works for a “bank/financial institution” on her facebook page is grossly misleading and misrepresentative of “opes financial solutions”. She And her company) are pretending to be more credible than they actually are, by using terms like “bank” and “financial institution” when they are nothing of the like, and do not have the federal licensure, regulatory approval, or certifications necessary to claim any of those things.
Lie#2 samantha ford claims “opes financial solutions is one of the world’s leading insurance, pension and related financial services organizations.” this can be seen on the “info” tab of her facebook page: Smartfinancialsolutionsbysam – facebook page: https://www.Facebook.com/smartfinancialsolutionsbysam/info
According to samantha's facebook page:
The problem… first of all: opes is not an insurance company. Opes is a marketing company As was pointed-out earlier).
Second of all, even if opes was an insurance company Which they aren’t), they are most certainly not “one of the worlds leading insurance, pension and related financial services organizations”. “world leading”? That’s just a flat lie. Come on samantha - where do you get off saying that?
Where is opes on the list of “leading insurance/financial companies”? Please help me find your source for your claim samantha – because according to the following sources below, opes does not even rank whatsoever. So, again, where do you get off saying all these lies?
Http://www.Insurancenetworking.com/news/insurance_reinsurance_life_health_property_casualty_am_best-26826-1.Html
Http://en.Wikipedia.Org/wiki/list_of_largest_financial_services_companies_by_revenue
Http://www.Economywatch.com/insurance-in-world/top-insurance-companies.Html?Page=full
I would like to know samantha’s evidence that opes financial solutions is “one of the worlds leading” anything! can you produce some kind of evidence or proof that opes ranks among insurance companies? Curious how ”marketing group” would rank among “insurance companies”… can you explain that to me samantha?
On what basis do you Or anyone at opes financial solutions) claim to be a “bank”? Or a “financial institution”? Or “one of the worlds leading insurance … organizations”?
On what basis?
*** conclusion #2: samantha ford And opes financial solutions) has absolutely no basis, and no right to claim that they are a bank or a financial institution of any kind. Furthermore, it does not appear that they have any basis to claim that they are in-fact, “a leader” of anything finance related.
Just curious samantha - any proof of any of these wild claims? Or just hoping to sucker some people into thinking you and this company are something you’re not?
You’d think someone that is such an “expert” on finance, like samantha claims she is, would know the difference between a bank and a marketing company. But, since samantha is not a real “financial/investment advisor”, her knowledge is limited to what the owner of this company taught her…
…who’s the owner again? Oh yah – rake murray…
Need anyone say more?
It would be wonderful to hear-back from a representative of opes Perhaps samantha or rake) regarding all these misleading claims "bank", "financial institution", "worlds leading.." that the company uses to market itself. Have you guys even heard of "18 us code 20"? Aren't you guys worried about being sued for all these lies?
Here - the government can print you out a copy of the governments definition of "financial institution":
Http://www.Gpo.Gov/fdsys/granule/uscode-2011-title18/uscode-2011-title18-parti-chap1-sec20/content-detail.Html
Can anyone from opes shed some light as to why anyone should do business with a company that's "vice president" misrepresents and lies on her facebook business page, and/or do business with a company that is owned by someone with a financial Finra) and legal background as shoddy as that of "rake murray?"
Opes Financial Services - Opes Financial - Rake Murray - Rake Gallaway Murray - Rake G Murray Opes Financial Solutions is owned and operated by an UNLICENSED Scam Artist ,Rake Murray, who has been SUED for FRAUD in California Superior Court Case #BC445937
OPES Financial Solutions, LLC. Reviews - FALSE COMPLIANT
I have never heard of this company, but who ever wrote this compliant is pretty stupid! I research Rake Murray on the FINRA website and there is nothing that states anything about any license being revoked.
See for yourself:
https://brokercheck.finra.org/individual/summary/2630491
FINRA NEVER REVOKED ANYTHING...Sounds like someone is just a little bitter, which is just sad!
Opes Financial Solutions is a corporation put-together by “Rake Murray”, who had his FINRA license revoked in 2010 (and was terminated from WMG) related to DECEPTION AND FRAUD -
Let's see what FINRA has to say about Rake Murray, the OWNER of "Opes Financial Solutions":