Last Updated: September 2023 (Lisle, IL )
Rajeswaran Venkatraman Investigation Summary
Here’s what you need to know about Lisle, IL , stockbroker Rajeswaran Venkatraman:
- Name: Mr. Rajeswaran Venkatraman
- Current Employer: Voya Financial Advisors dba Venkat and Associates
- Previous Firms: ING Financial Advisors, Aetna Financial Services
- Function: Stock Broker/ Financial Advisor
- Aliases: None
- Primary Location: Lisle, IL
- CRD 1383008
- Can Rajeswaran Venkatraman be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest Settlement $110,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Rajeswaran Venkatraman As Your Stockbroker?
In 10/2020 customers of Voya Financial Advisors was paid $110,000 to settle a FINRA arbitration alleging that Rajeswaran Venkatraman them alternative investments which were unsuitable for their risk profile
Alternative Investments: These are assets that are not stocks, bonds or cash. Alternative investments generally fall within five categories: hedge funds, private capital, natural resources (oil and gas, energy), real estate (REITs) and infrastructure.
They are typically less liquid that conventional investments, less regulated with higher fees and generally higher risk. For more investigations involving Alternative Investments, see this.
Two other customers of Voya Financial Advisors complained to the company about being sold alternative investments Voya ‘denied’ the claims and the customers apparently did not engage assistance of counsel or pursue the matter further.
Allegations of Broker Misconduct Against Rajeswaran Venkatraman
Customers of Rajeswaran Venkatraman have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendations
- Misrepresentation and failure to disclose
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Has Your Brokerage Firm “Denied” Your Claim for Damages Due to Stockbroker Malpractice?
Two other customers of Voya Financial Advisors complained to the company about being sold alternative investments by Venkatraman. Voya ‘denied’ the claims and the customers apparently did not engage assistance of counsel or pursue the matter further.
It is quite common, as well as predictable, for brokerage firms to deny a customer’s complaint made directly to the company. Firms know that in many, if not most, instances telling the customer “we don’t think it’s our fault” will be an end to the problem. In other words, it’s generally a waste of your time to sit down with the office manager & the broker.
They seldom, if ever, offer any resolution or if they do, will attempt to have you resolve your case for a fraction of what it is actually worth.
We suggest that if you think there is a problem with the way your account has been handled, or if you have had your claim “denied”, talk to an experienced securities attorney.
See this for our Investigation of Voya Financial Advisors Complaints.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Rajeswaran Venkatraman, contact us for a complimentary consultation with an experience securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
