As a financial analyst and writer, I believe it’s crucial to shine a light on industry professionals like Marty Valade in Cypress, CA. In my role, I’ve come across too many stories of misconduct in the finance world. Marty Valade has created a career as a stockbroker and financial advisor at Osaic Wealth, after having worked at Woodbury Financial Services.
Scrutinizing Valade’s record, which you can find under his FINRA CRD number – 4662702 – it’s apparent that he can be taken to FINRA arbitration. Interestingly, he has not been disciplined by FINRA, but he has indeed been at the center of a troubling customer dispute, which was dismissed by his previous employer.
The Cautionary Tale of Broker Misconduct
Let’s not beat around the bush: Investors have to be on their guard. Valade is the perfect example of why diligence is necessary. In September 2023, his former firm, Woodbury Financial Services, was accused of churning accounts and racking up fees unnecessarily, allegedly causing $300,000 worth of damage to a client. The firm blatantly denied the allegations, and the claimant inexplicably dropped the matter.
The Disheartening Pattern of Broker Intransigence
It’s a common yet troubling practice for brokerage firms to downright deny the grievances customers report. They bet on the chance that a swift rejection – a simple “it’s not our fault” – will discourage further action.
What’s more, firms rarely provide a fair resolution when pressed by clients. On the rare occasion they do opt for settlements, they might try to lowball with an offer that is nowhere near the actual losses incurred.
Standing Strong: Your Right to Fair Representation
If you’re worried about how your investments are being managed, or if you’ve had your complaint casually dismissed, consider speaking to a securities attorney. They can clarify your rights and help determine what your claim is truly worth.
In cases like the one involving Marty Valade, if you have suffered investment losses due to questionable decisions made with your account, don’t wait to reach out to a knowledgeable securities lawyer. It’s crucial to explore potential recovery options through FINRA arbitration.
Such attorneys can offer nationwide assistance to investors looking to recoup losses due to careless or deceptive actions by stockbrokers, financial advisors, and broker-dealers. Most work on a contingency basis, which means no legal fees until you’ve won your case.
As the saying goes, “Forewarned, forearmed; to be prepared is half the victory.” – Miguel de Cervantes. When you face a challenge with your investments, remember this: know your rights, understand what you’re owed, stand your ground and demand justice. Don’t let any financial professional make you feel powerless in reclaiming what’s rightfully yours.
And here’s a fact worth remembering: A study found that 7% of financial advisors have been disciplined for misconduct. This clearly points to the importance of checking an advisor’s FINRA CRD number, which provides a record of any past indiscretions.
In every word I write, I aim to arm you with the knowledge necessary to navigate the complexities of the financial world with confidence. Information is power, and in the realms of finance and law, it could very well be the shield that protects your assets and your future.
