I'm finally catching up with this thread and I see that no one has mentioned the fact that the character Frankie Raye was named after a pseudonym that was used in the mid-60s by inker Frank Giacoia - "Frankie Ray". I think Frank may have been Marvel's art director at the time the character was introduced.

Here's a list of the stories credited to "Frankie Ray", from the GCD. They're all Marvel, from 1965-66:

Inks:
Frank Giacoia [as Frankie Ray]
The Terrible Trio!
Human Torch; Thing / comic story / 12 pages US Strange Tales (1951 series) #129
February 1965 Marvel

Inks:
Frank Giacoia [as Frankie Ray]
The Vengeance of the Thunder God
Thor / comic story / 16 pages US Journey into Mystery (1952 series) #115
April 1965 Marvel

Inks:
Frank Giacoia [as Frankie Ray]
The Menace of Madam Macabre
Giant-Man / comic story / 12 pages US Tales to Astonish (1959 series) #66
April 1965 Marvel

Inks:
Frank Giacoia [as Frankie Ray]
If This Be Justice...!
Daredevil / comic story / 20 pages US Daredevil (1964 series) #14
March 1966 Marvel

Inks:
Frank Giacoia [as Frankie Ray]
Four Against the Floodtide
The Avengers / comic story / 20 pages US The Avengers (1963 series) #27
April 1966 Marvel

Inks:
Frank Giacoia [as Frankie Ray]
--And Men Shall Call Him...Ox !
Daredevil / comic story / 20 pages US Daredevil (1964 series) #15
April 1966 Marvel

Inks:
Frank Giacoia [as Frankie Ray]
Enter... Spider-Man
Daredevil / comic story / 20 pages US Daredevil (1964 series) #16
May 1966 Marvel

Inks:
Frank Giacoia [as Frankie Ray]
Among Us Walks...a Goliath!
The Avengers / comic story / 20 pages US The Avengers (1963 series) #28
May 1966 Marvel

Inks:
Frank Giacoia [as Frankie Ray]
None Are So Blind..!
Daredevil / comic story / 20 pages US Daredevil (1964 series) #17
June 1966 Marvel