Last Updated: December 2024 (Farmers Branch, TX)
Kenneth Judd Investigation Summary
Here’s what you need to know about former Farmers Branch, TX, stockbroker Kenneth Judd:
- Name: Kenneth Joseph Judd, CPA
- Current Employer: Not currently registered with FINRA
- Prior Employer: Valkyrie Equities Corp.
- Function: Stockbroker / Financial Advisor
- Aliases: Kenneth Judd
- Primary Location: Dallas, TX
- CRD: 7110607
- Can Kenneth Judd be sued in FINRA arbitration? Yes
- Sanctioned by FINRA: Yes (Barred permanently)
- Discharged by Prior Employer: Yes
If you’ve sustained damages from Mr. Judd, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Kenneth Judd As Your Stockbroker?
Kenneth Judd has been barred by FINRA as of October 22, 2024 (Docket #2024080225701), following allegations of failing to provide documents and information requested during an investigation. The investigation pertained to a Reg D private placement offering. Judd consented to the findings without admitting or denying the allegations.
His resignation from Valkyrie Equities Corporation on December 31, 2023, followed accusations of violating antifraud provisions under SEC Rule 10b-9, including deferring commissions to conceal escrow violations.
The regulatory action stems from allegations that Judd misrepresented the financial status of a private placement and colluded with the issuer to hide improper financial arrangements.
Private Placements under Reg D: What is a Private Placement? According to the U.S. Securities and Exchange Commission (SEC):
“Under the federal securities laws, a company may not offer or sell securities unless the offering has been registered with the SEC or an exemption from registration is available. Offerings exempt from the SEC’s registration requirements pursuant to Securities Act Section 4(a)(2) or its safe harbor under Regulation D of the Securities Act are often referred to as private placements.”
The SEC warns that unregistered offerings may be utilized to conduct investment scams and that investors should have the ability to weather a total loss in these illiquid investments. See this SEC Investor Alert about red flags to watch out for in unregistered offerings.
Allegations of Broker Misconduct Against Kenneth Judd
Kenneth Judd has faced the following regulatory and employer allegations:
- Regulatory Bar: FINRA permanently barred Judd from acting as a broker in any capacity, citing violations of FINRA Rule 2010 for unethical conduct.
- Employment Termination: Judd was permitted to resign from Valkyrie Equities Corporation in December 2023 after being accused of breaking escrow rules in a private placement and failing to explain supervisory responsibilities to compliance and audit committees.
- Concealment of Financial Transactions: Allegations include deferring commissions to manipulate financial reports, raising concerns about fraudulent intent under SEC Rule 10b-9.
- Collusion with Issuer: Claims suggest possible collusion with the issuer in misrepresenting funds raised as loans, though this remains under investigation.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Kenneth Judd, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis, meaning that you do not pay legal fees unless we are successful.