Ken Judd Barred After Resigning from Valkyrie Equities
Ken Judd (CRD# 7110607), formerly a broker registered with Valkyrie Equities, refused to cooperate with an investigation into his activities. MDF Law is currently investigating the former Farmers Branch, Texas-based financial professional for similar conduct. Former clients with concerns about their own investments should contact us for a free consultation about their options.
Continue reading this post to learn more about the allegations against Mr. Judd. This post is sourced from his BrokerCheck profile, a Financial Industry Regulatory Authority record examined on December 11, 2024.
FINRA: Judd Failed to Cooperate with Investigation
On October 22, 2024, FINRA released a Letter of Acceptance, Waiver, and Consent (# 2024080225701) outlining its disciplinary action against Mr. Judd. As the Letter explains, FINRA initiated an investigation following a September 25, 2024 filing by Mr. Judd’s former member firm. The filing disclosed that the firm permitted his resignation after he allegedly failed to respond to an audit request.
As part of its investigation, FINRA sent Mr. Judd a request to produce documents and information on October 1, 2024. He informed FINRA via counsel on October 10 that he would not comply with the request. The regulator found that this refusal violated FINRA Rule 8210, which allows FINRA to require persons under its jurisdiction to provide information, documents, and testimony related to its investigations. The rule also establishes that associated persons may not refuse to comply with such requests. Violations of Rule 8210 are also violations of Rule 2010. Under this rule, brokers must observe high standards of commercial honor, as well as just and equitable principles of trade.
Mr. Judd did not admit to or deny FINRA’s findings, according to the AWC Letter. He did, however, consent to a bar from associating with any FINRA member firm in any capacity.
Why Did Ken Judd Resign from Valkyrie Equities?
On December 31, 2023, Valkyrie Equities Corporation disclosed Mr. Judd’s departure from the firm. According to the disclosure, the firm permitted him to resign following alleged rule violations. As alleged, he deferred commissions, “thereby concealing them so that they would not be reported” in a financial transaction. This alleged concealment prevented the firm from discovering “the escrow break on financial statements,” per the firm. The disclosure alleges further that the firm had “reason to believe” he colluded with an issuer in these actions. “This is unproven but suspicious,” the disclosure concludes.
FINRA: Broker Last Based in Farmers Branch, Texas
Mr. Judd launched his career as a broker in 2019, according to his BrokerCheck report. That year, he registered with Valkyrie Equities’ branch office in Farmers Branch, Texas. He remained at the firm until his resignation, since which he has not registered with any other firm. With four years of experience as a broker, he has completed five industry exams, including the Series 24 and the Series 66.
At MDF Law, We Defend Investors’ Rights
Have you lost money investing with Ken Judd? You may have recovery options. The seasoned investor advocates at MDF Law have proven records of experience, securing substantial recoveries for the victims of broker fraud. We take cases on a contingency basis, meaning our clients only pay a fee if they win their case. Call 800-767-8040 today for a free consultation with our team.