Walter Valenzuela Involved Racks Up New Investor Disputes
Walter Valenzuela (CRD #: 2280224), a broker registered with Kestra Investment Services, was recently involved in a dispute regarding misrepresentation, according to his BrokerCheck record, accessed on August 18, 2021. This is his sixth settled investor dispute between 2017 and 2021. There is also another pending dispute on his record.
On June 21, 2021, an investor alleged that Walter Valenzuela misrepresented a security by omission. They further alleged that Valenzuela had not informed them that an investment in Bluerock Inc. Interval Fund was not liquid. This dispute was denied by the firm, but investors should know that this does not mean FINRA reviewed the dispute. Investors can still pursue FINRA arbitration and recover their losses following a denial.
On March 18, 2021, an investor alleged that Walter Valenzuela made unsuitable recommendations. The investors had allegedly stated that they only wanted guaranteed municipal bonds. According to the dispute, the investor is seeking $280,000; the dispute is pending.
Settled Investor Disputes
From 2017 to 2020, four different disputes alleged misrepresentation. These disputes collectively settled for approximately $903,000.
On August 24, 2017, an investor alleged that Walter Valenzuela made unsuitable recommendations and unsuitable use of a margin account. They further alleged elder abuse and excessive mark-ups of municipal bonds and Unit Investment Trust trades. The investor sought $9,500,000; the dispute settled for $400,000.
Walter Valenzuela Background Information
Walter Valenzuela has passed the following exams:
- Series 63 Uniform Securities Agent State Law Examination
- Securities Industry Essentials Examination
- Series 7 General Securities Representative Examination
He is a registered broker in 10 states and is a registered investment adviser in California.
Walter Valenzuela has worked with the following firms:
- Kestra Investment Services (CRD #: 42046)
- Kestra Private Wealth Services (CRD #: 155193)
- Hilltop Securities (CRD #: 6220)
- L Stern & Co. (CRD #: 8327)
Kurta Law Can Help
If you worked with Walter Valenzuela and you have concerns about your investments, contact Kurta Law today. Call 877-600-0098 or email email@example.com.