Former Cetera, Securities America broker gets 32 months in prison after looting client trust

Michael P. Raineri, 63, stole $531,411 from a client’s trust account over about six years, according to the U.S Attorney’s office.

Oct 1, 2025 - 00:00
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Former Cetera, Securities America broker gets 32 months in prison after looting client trust
Michael P. Raineri, 63, stole $531,411 from a client’s trust account over about six years, according to the U.S Attorney’s office.

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