Marty Valade: Woodbury Advisor Faces $300K Complaint

A recent investor complaint against Cypress, California financial advisor Marty Valade (CRD# 1532673) alleges that his conduct resulted in six-figure losses. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Woodbury Financial Services, doing business as Murphy Financial Services.

Mr. Valade’s BrokerCheck report discloses one investor complaint. Filed in September 2023, it alleges that as a representative of Woodbury Financial Services, he excessively traded the customer’s accounts and charged excessive fees. The pending complaint alleges damages of $300,000.

Investors should be aware that according to in 2020 FINRA released a resource defining excessive trading as “the situation where a broker makes a large number of trades in a customer’s account not to benefit the customer but to generate commissions for the broker.” To detect signs of such conduct, the regulator advises that investors review account documents for potential discrepancies between the information recorded and the information provided to the broker. It also recommends that they look over trade confirmations and account statements, and reach out to their broker about any suspicious transactions, high-volume activity, or excessive fees or commissions.

According to the Financial Industry Regulatory Authority, Marty Valade holds 37 years of securities industry experience. Based in Cypress, California, he has been a broker and an investment advisor with Woodbury Financial Services since 2001, doing business as Murphy Financial Services. He was previously registered with Dean Witter Reynolds in Purchase, New York from 1986 until 2001. His credentials include the passage of seven securities industry qualifying exams: the General Securities Sales Supervisor – Options Module Examination, or Series 9; the General Securities Sales Supervisor – General Module Examination, or Series 10; the General Securities Principal Examination, or Series 24; the General Securities Representative Examination, or Series 7; the National Commodity Futures Examination, or Series 3; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. He is licensed in Arizona, California, Colorado, Florida, Georgia, Idaho, Kentucky, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nevada, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, Texas, Virginia, Washington, and Wisconsin. (Information current as of October 9, 2023.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.