Michael Joseph Valenta (also known as Mike Valenta), of Westminster, Colorado, a stockbroker registered with Cambridge Investment Research Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested compensatory damages based upon allegations that Valenta recommended direct investments and oil and gas investments to generate high commissions and fees when Valenta was associated with Cambridge Investment Research Inc. The claim also alleged that customers were deprived of the ability to generate reasonable returns through a diversified portfolio. FINRA Arbitration No. 23-01330 (July 19, 2023).
FINRA Public Disclosure shows that Valenta is referenced in six other customer initiated investment related disputes concerning Valenta’s conduct while associated with securities broker dealers. On June 3, 2009, a customer filed an investment related complaint involving Valenta’s conduct in which the customer requested $20,000.00 in damages based upon allegations that Valenta breached his fiduciary duties and engaged in unauthorized trading in mutual funds during the time that Valenta was associated with Cambridge Investment Research Inc.
On April 20, 2010, a customer initiated investment related FINRA securities arbitration claim involving Valenta’s conduct was settled for $20,000.00 in damages based upon allegations that Valenta made unsuitable recommendations in life insurance products when Valenta was associated with RMIN Securities Inc. FINRA Arbitration No. 09-02104.
On May 18, 2023, a customer initiated an investment related FINRA securities arbitration claim involving Valenta’s conduct. This claim was settled for $595,000.00 in damages. According to the claim, Valenta made unsuitable investment recommendations in direct investments and oil and gas investments. FINRA Arbitration No. 22-00954. The customers indicated that the transactions stemmed from Valenta’s desire to make commissions, and his trading resulted in a lack of diversification in the customer’s account.
Valenta was also referenced in a customer initiated investment related FINRA securities arbitration claim that was settled for $575,000.00 in damages. This claim was based on allegations that Valenta provided unsuitable advice in direct investments and oil and gas investments. FINRA Arbitration No. 22-01393 (July 30, 2023).
On October 5, 2023, another customer initiated investment related FINRA securities arbitration claim involving Valenta’s conduct was settled for $45,000.00 in damages based upon alleged unsuitable recommendations in oil and gas investments, direct investments, exchange-traded funds, and real estate securities by Valenta during the time that he was associated with Cambridge Investment Research Inc. FINRA Arbitration No. 22-01588.
Since June 19, 2008, Valenta has been associated with Cambridge Investment Research Inc. in Westminster, Colorado, as a stockbroker, and associated with Cambridge Investment Research Advisors Inc. as an investment advisor representative.
