Valerie Krebs Allegedly Recommended Unsuitable Investments
Valerie Krebs (CRD #: 6051319), a broker registered with Wells Fargo Clearing Services, was the subject of a recent investor dispute, according to her BrokerCheck record, accessed on July 22, 2022. Keep reading to learn more about Valerie Krebs’s conduct as a broker.
On June 22, 2022, an investor alleged that Valerie Krebs assured her that her account would grow, despite the unsuitability of her investments given the client’s financial objectives. These allegations reportedly occurred between September 7, 2021, and the date of filing. This dispute was denied by the firm.
Investors should know, however, that firms can deny disputes without a third-party review. Investors can still pursue FINRA arbitration following a denial and potentially recover their losses.
FINRA Rule 2111
FINRA Rule 2111 requires brokers to evaluate the suitability of an investment for their investor’s financial goals. Brokers must take into account their client’s age, risk tolerance, and other information described in an investor’s profile.
Investors who rely on brokers for recommendations may be able to recover their losses by pursuing FINRA arbitration.
Valerie Krebs has passed the following exams:
- Series 66 – Uniform Combined State Law Examination
- Series 63 – Uniform Securities Agent State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 – General Securities Representative Examination
- Series 6 – Investment Company Products/Variable Contracts Representative Examination
Valerie Krebs is a registered broker in 38 states and a registered investment adviser in California and Texas.
She previously worked for J.P. Morgan Securities (CRD#:79) and Chase Investment Services (CRD#:25574).
Kurta Law Can Help
If you worked with Valerie Krebs and you have concerns about your investments, please contact us today at 877-600-0098 or email@example.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.