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Oscar Vallera Involved in a Half-Million Dollar Dispute

Oscar Vallera (CRD #: 2870121), a broker registered with Packerland Brokerage Services, allegedly failed to inform a client, according to his BrokerCheck record, accessed on November 13, 2022. If you have questions about his conduct as a broker, read on.

Investor Dispute

On August 24, 2022, an investor alleged that Oscar Vallera failed to explain a policy the client bought on October 15, 2021. The client seeks $500,000 in this pending dispute.

FINRA Rule 2020

FINRA Rule 2020 bans the use of deception, manipulation, and other fraudulent means of influencing the purchase or sale of securities. Misrepresenting or omitting information about an investment’s features, risks, potential returns, or any material information, violates this rule.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Background Information

Oscar Vallera has passed the following exams:

  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

Oscar Vallera is a registered broker in nine states and a registered investment adviser in Wisconsin.

He has also worked for the following firms:

  • Pruco Securities (CRD#:5685)
  • Prudential Financial Planning Services (CRD#:5685)
  • Packerland Brokerage Services (CRD#:37031)
  • A. G. Edwards & Sons (CRD#:4)

Kurta Law Can Help

If you worked with Oscar Vallera and you 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 and 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. 

 

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