Last Updated: February 2025 — San Diego, CA
Rex Securities Law Investigation Summary for Walter Roland Valenzuela
Here’s what you need to know about San Diego, CA, stockbroker Walter Roland Valenzuela:
- Name: Walter Roland Valenzuela
- CRD: 2280224
- Current Employer: Kestra Investment Services, LLC, Kestra Private Wealth Services LLC (RIA)
- Primary Location: San Diego, CA
- Function: Stockbroker / Financial Advisor
- Previously Registered With: Hilltop Securities Inc., M.L. Stern & Co., LLC
- FINRA Sanctioned: No
- Number of Customer Disputes: 15 Resolved, 1 Pending
- Highest Settlement: $625,000
- Pending Customer Dispute: Yes
If you’ve sustained damages from Mr. Valenzuela, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money with Walter Valenzuela as Your Stockbroker?
Numerous customer disputes have been filed against Walter Valenzuela, with multiple allegations of unsuitable recommendations, excessive trading, and elder abuse, including the following:
- Date of Filing: May 7, 2020
Case Number: 20-01444
Settlement Amount: $625,000 - Date of Filing: May 29, 2020
Settlement Amount: $90,000 - Date of Filing: September 18, 2020
Settlement Amount: $87,000 - In a currently pending FINRA arbitration a customer of Kestra Private Wealth Services alleges that Valenzuela made an unsuitable recommendation to purchase high risk municipal bonds. Damages have not yet been specified.
What is Excessive Trading (Churning)?
Churning According to U.S. Securities and Exchange Commission (SEC)
Other Investigations Involving Churning
Allegations of Broker Misconduct Against Walter Valenzuela
Customers of Walter Valenzuela have alleged the following wrongdoing in connection with the handling of their accounts:
- Unsuitable Investment Recommendations: Multiple customers have alleged that Mr. Valenzuela recommended high-risk investments that did not match their financial goals or risk tolerance.
- Excessive Trading (Churning): Allegations include excessive trading to generate commissions, which is a violation of FINRA Rule 2111 on suitability.
- Elder Abuse: Claims have been made that Mr. Valenzuela exploited elderly customers by recommending inappropriate and risky investments.
- Failure to Disclose Risks: One customer alleged that Mr. Valenzuela failed to disclose the risks associated with investments in Invesco Steelpath mutual funds and Chesapeake bonds.
- Misrepresentation: Multiple complaints involve misrepresenting investment products and their associated risks.
Information on Elder Financial Abuse
Relevant FINRA Rules:
- FINRA Rule 2111 (Suitability): Requires brokers to have a reasonable basis for believing a recommended transaction is suitable for the customer.
Recover Your Investment Losses Now with Rex Securities Law
Investigation of LPL Financial and LPL Brokers-Lawsuits, Arbitrations & Customer Disputes
If you have suffered investment losses in an account handled by Walter Roland Valenzuela, 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.