Did Marty Valade Execute an Excessive Number of Trades?

Marty Valade (CRD #: 1532673), a broker registered with Woodbury Financial Services, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on October 13, 2023. Keep reading if you have questions about his alleged conduct. 

On September 13, 2023, an investor alleged that Marty Valade excessively traded in their accounts and charged excessive fees. The investor is seeking $300,000. 

FINRA Rule 2111 – Unsuitable Investments 

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. Investor profiles have information on the investor’s age, risk tolerance, tax status, investing experience, and financial goals. This rule also prohibits excessive trading – an excessive number of trades generates trading fees and commissions that can cut into clients’ returns so severely that the investor doesn’t make any profit. “Unsuitable investments” are any securities that violate FINRA Rule 2111. 

Background Information 

Marty Valade has passed the following exams: 

• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination
• Series 3 National Commodity Futures Examination  
• Series 7 General Securities Representative Examination 
• Series 24 General Securities Principal Examination
• Series 10 General Securities Sales Supervisor – General Module Examination 
• Series 9 General Securities Sales Supervisor – Options Module Examination 

He is a registered broker in 22 states and is a registered investment adviser in California. 

During his 37 years of experience, he has registered with two firms: Woodbury Financial Services (CRD #: 421) and Dean Witter Reynolds (CRD #: 7556). 

Kurta Law Can Help

If you worked with Marty Valade and have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.