Ken Judd: FINRA Bars Former Valkyrie Equities Advisor

Former Farmers Branch, Texas financial advisor Ken Judd (CRD# 7110607) has been sanctioned in connection with alleged rule violations. Financial Industry Regulatory Authority records show that he was formerly registered as a broker with Valkyrie Equities Corporation.

A Letter of Acceptance, Waiver, and Consent (No. 2024080225701) published by FINRA describes its disciplinary action against Mr. Judd. Filed in October 2024, it states that the regulator launched an investigation into his conduct after a filing by his former member firm. That filing stated that he had been permitted to resign from the firm in connection with allegations that he “failed to respond to an audit request ‘shortly after conducting a Reg D Offering.’”

As part of its investigation, FINRA sent him a request to pursue documents and information. He then informed FINRA via counsel that he had received its request and would not produce the requested materials. FINRA found that his conduct violated FINRA Rule 8210, which allows FINRA to require associated persons to provide information related to matters under its investigation, and which forbids those persons from failing to comply with such requests.

FINRA also found that his conduct violated FINRA Rule 2010, which requires brokers to “observe high standards of commercial honor and just and equitable principles of trade.” FINRA therefore barred Mr. Judd from associating with any member firm in any capacity.

Another disclosure on his BrokerCheck report concerns his resignation from Valkyrie Equities Corporation. Filed in December 2023, it states that he was permitted to resign from the firm in connection with the alleged violation of antifraud provisions and allegations that he “knowingly [broke] escrow when funds were not raised.” The disclosure also describes “questions” about whether he deferred commissions in order to conceal them “so that they would not be reported in the financial transaction.” While it notes that the allegations are unproven, it also describes “reason to believe” that he and a securities issuer “may have acted in collusion.”

According to the Financial Industry Regulatory Authority, Ken Judd holds four years of securities industry experience. He was registered with Valkyrie Equities Corporation in Farmers Branch, Texas from 2019 until 2024. His credentials include the passage of five securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the Securities Industry Essentials Examination, or SIE; the Investment Banking Registered Representative Examination, or Series 79TO; the General Securities Representative Examination, or Series 7TO; and the Uniform Combined State Law Examination, or Series 66. He is not currently licensed with any state or firm. (Information current as of October 22, 2024.)

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