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134th House Race: Mackenzie and Reynard Spar Over Reynard's Job

The Ryan Mackenzie campaign says 134th House District challenger John Reynard is not properly registered with the state as an investment adviser but Reynard says the accusation is a misinterpretation of state law.

Is the campaign splitting hairs about state regulations and the definition of his opponent's job?

Or is either (1) violating state rules by not registering as an investment advisor or (2) misrepresenting his work?

That's the latest controversy in the 134th House District race.

The campaign of GOP state Rep. Mackenzie on Monday accused Reynard of not properly registering with the state as a professional investment adviser. Reynard replied that registration is not required for his specific type of work.

"I don’t know why he has tried to kick my ass early," Reynard said. “He must be worried."

The Mackenzie camp saying Reynard is in violation of “Section 102(j) of the Pennsylvania Securities Act of 1972” by failing to register as an “Investment Advisor” with the state of Pennsylvania.

Reynard's campaign  saying they checked with state officials and the Democratic candidate does not need to be registered for the type of investment work he does now.

Reynard was formerly registered with the state as an investment adviser as required when he worked for Merrill Lynch, he told Patch in a phone interview Monday. Reynard, 40, lives in Emmaus and has also taught business and economics at Lehigh University and Lehigh Carbon Community College.

Reynard says that Mackenzie is applying the state regulation incorrectly because Reynard advises people about money without talking about stocks.

The Mackenzie campaign statement further accused Reynard of misrepresenting his work if he is not an "investment adviser."

"John Reynard has gone to great lengths to try and tout his experience, but his experience seems to be either not following the laws of Pennsylvania or exaggerating his resume for political gain," Mackenzie spokesman Jason Ercole said in a campaign statement. "Either way, Mr. Reynard has proven the people of the 134th District can't trust him or what he says."

Reynard explained his job this way: “I match people’s money with their goals and try to help them to change things in their lives to help them to meet those goals."

As an example, Reynard shared the story of a wealthy client who was approaching retirement and had a lot of money tied up with a broker. He asked the client about his goals. The client had two: to put his money into a less risky investment and to find a steady job for his child.

"I put together a short list of businesses he could buy and hire his kid as a manager," Reynard said. "He’s making more money than he used to in the stock market, even after paying his kid."

Reynard added that even though his firm is a sole proprietorship and he doesn’t directly employ workers, he has added jobs to the community through situations such as the father-son scenario he described.

“I would like to know what Ryan has done to start any jobs in the district,” Reynard said.

Reynard says that Mackenzie’s facts are simply wrong.

“I don’t know why he is attacking a small business,” Reynard said. “That’s not what state reps should be doing. I called the Pennsylvania Securities Commission in late 2009 and again today and they said ‘if that is what you do with your business, then you don’t need to be registered.’ "

Renyard added, “He just wants to scare me out of the race. I am not running away.”

Reynard said that he doesn’t understand why Mackenzie is resorting to personal attacks instead of debating him on the issues.

“It is hard to attack his job. He has never had one - except in politics,” Reynard said.

Mackenzie in May to fill the unexpired term of former state Rep. Doug Reichley, who left the state House to become a Lehigh County judge.

Reynard said that his campaign website will be live within the next week or so and that he and Mackenzie have two television debates scheduled for October.

The 134th House District includes parts of Lower Macungie, Upper Macungie, South Whitehall and Salisbury townships.

Robert Sentner September 11, 2012 at 12:13 PM
"Reynard said that his campaign website will be live within the next week or so" To me that speaks volumes. in a week or 2 ? the election is what 56 days away and he's still working on his website. I would hope that someone that I was electing would be a little more organized and prepared.
Interested Observer September 11, 2012 at 12:29 PM
Apparently, Mackenzie did research (citing PA statutes, etc) as proof of his questions regarding Reynard's claims. All Reynard has said is basically: I called the state to check and it's fine, trust me. Well, I would challenge Mr. Reynard to provide that documentation from the state. As for Mr. Reynard's accusations that Mr. Mackenzie hasn't had a job, he was the Policy Director at the State Dept of Labor and Industry where he helped save taxpayers $100+ million a year. To throw his own question back at Mr Reynard, when has HE ever saved taxpayers $100 million a year? Reynard came out of nowhere, was hand-picked by party bosses to run and then throws unfounded attacks at Mackenzie? As best I can tell from the report above, Mackenzie ASKED Reynard to explain...are you this or that? or something else? Reynard started this campaign attacking Mackenzie and hasn't stopped. And his answer to a legitimate question is trust me? Nope, not going to happen.
Ron Beitler September 11, 2012 at 12:43 PM
Stop. Stop. Stop. Makes no sense for Mackenzie to go negative here. As a small business owner "regulations" and "gov't categories" AKA red tape nonsense is my biggest fear/hurdle/pain in the "......" Mackenzie is going to win this easily. Why go here? Stay positive. Stay on the issues. Anyone actually think Reynard can be competitive? Longest of long shots. NO need for Mackenzie to go down this road. Let Raynard throw the mud. Just politically this is silly move by Mackenzie.
careless fills September 11, 2012 at 01:14 PM
It seems odd that anyone who was going to be a sole-proprietor investment adviser (as opposed to one working for a single corporate employer under the corporate regtistration) would want to give up a registration. It takes some effort to get, but much less to maintain. If he did withdraw from registration, perhaps he could provide us with his formal withdrawal notice.
Nic September 11, 2012 at 01:55 PM
Ron, I don't think Mackenzie disagrees that there is too much government red tape. In his work to reform worker's compensation, he actually pushed back and cut out a significant amount of that red tape. He also has great constituent services, helping individuals and small businesses cut through that red tape. I think Mackenzie is simply pointing out that laws are laws and we need to follow them. If Reynard is truly misrepresenting himself to clients, that doesn't bode well for him as a state representative. But I agree with you that Reynard is the longest of long shots. We'll see what happens.
Ron Beitler September 11, 2012 at 07:49 PM
It's more of a general comment and encouragement not to go this route at all. He doesn't need to. I've attended a town hall meeting and additionally have used his constituent services. He's got a great staff in place. I agree his office has been great since being elected. I supported Slattery in the election because of Pat's ties to the community. I plan on supporting Mackenzie in this race. My only issue is that if misrepresenting himself to clients (Reynard) is an issue moreso then just gov't categorization and needless/pointless red tape find a community member that was negatively affected by it and run with it by all means. But otherwise it's just unnecessary. Just my humble opinion.
John Belin September 11, 2012 at 10:27 PM
THROW OUT ALL THE DEMOCRATS OUT OF OFFICE AND VOTE REPUBLICAN!
Nic September 13, 2012 at 03:16 AM
Turns out, Mackenzie is endorsed by the National Federation of Independent Business. I guess he can't hate the private sector THAT much. I'd like to know who (besides Rick Daughtery) has endorsed Reynard. Has Slattery even endorsed him? I'd check but, of course, Reynard doesn't even have a website up and running. In all honesty, if Mr. Reynard wants to know what Ryan has done to help businesses here in the Lehigh Valley, he only needs to ask those who have stopped by Ryan office or worked with Ryan's staff in these past few months. He's doing a great job for the district and everyone knows it.
Jim K. September 17, 2012 at 07:20 PM
I was the other guy who was considered to take Slattery's spot in the PA-134 and at the end of the meeting I was convinced that John Reynard was the man for the job. I'd love to see the record of Ryan MacKenzie saving $100 million of Pennsylvania tax dollars. If that were real and accurate, he'd be campaigning on it because he has only been Representative for a few months and he has no record to run on. MacKenzie is simply a child who was planted by the Corbett administration to be a rubber stamp. A vote for MacKenzie is a vote for Corbett. I voted for him 2010. I won't be in 2014.

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