Ray Lucia, the host of a nationally syndicated daily radio program and Los Angeles financial adviser, has been sued by the SEC. In a complaint commencing an administrative proceeding, the SEC alleged that Mr. Lucia misled investors about his “Buckets of Money” investment strategy for retirement savings. According to the SEC, Mr. Lucia falsely told potential investors that his strategy was “proven” and “back-tested.” Mr. Lucia also allegedly told future retirees his strategy would produce inflation-adjusted income while protecting or even enhancing their retirement savings.