Carolyn Valentine: $471K TIC Complaint Against Ex-H. Beck Advisor

A recent investor complaint against Canton, Ohio financial advisor Carolyn Valentine (CRD# 2532412) alleges that her conduct resulted in six-figure damages. Records maintained by the Financial Industry Regulatory Authority indicate that she is a broker registered with Cambridge Investment Research, having formerly been registered with H. Beck.

Ms. Valentine’s BrokerCheck report discloses two investor complaints. The most recent, filed in September 2022, alleges that as a representative of H. Beck, she breached her fiduciary duty, acted negligently, and recommended unsuitable investments in tenant-and-common interests offered by Cole Capital Partners. The pending complaint alleges damages of $471,746.

An earlier investor complaint, alleged in 2020, alleged that she “provided incomplete or incorrect tax documents and financial statements as part of a real estate transaction” while she was at H. Beck. The pending complaint alleges damages of $978,797. In a “Broker Statement” included with the complaint’s disclosure, Ms. Valentine pushes back against the allegations, stating in part: “Claimant was never a customer/client of RR, and the claims being asserted do not involve securities and/or financial advisory services. The claims against RR arise from her work as an independent certified public accountant preparing tax returns and compiled financial statements for her client who is not the claimant.”

According to the Financial Industry Regulatory Authority, Carolyn Valentine holds 28 years of securities industry experience. Based in Canton, Ohio, she has been a broker with Cambridge Investment Research since 2019. Her past registrations include H. Beck (Canton, Ohio; 1997-2019) and Franklin Financial Services Corporation (Houston, Texas; 1994-1997). Her credentials include the passage of four securities industry qualifying exams: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the Direct Participation Programs Representative Examination, or Series 22; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. She is licensed in Florida, Montana, North Carolina, Ohio, and South Carolina. (Information current as of March 16, 2023.)

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