Last Updated: December 2024 (McKinney, TX)
Venu Reddy Investigation Summary
Here’s what you need to know about McKinney, TX, stockbroker Venugopal R. Reddy:
- Name: Venugopal Ramakrishnappa Reddy
- Current Employer: Frisco Business Solutions Group, Inc. (DBA FBS Securities) as a Registered Investment Advisor, Not currently registered with FINRA
- Prior Employer: World Choice Securities, Ashland Securities
- Function: Stockbroker / Financial Advisor
- Aliases: Venu Reddy
- Primary Location: McKinney, TX
- CRD: 5125813
- Can Venu Reddy be sued in FINRA arbitration? Yes
- Pending Regulatory Investigation: Allegations of private securities transactions without firm approval
If you’ve sustained damages from Mr. Reddy, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Venugopal Reddy As Your Stockbroker?
Venu Reddy is currently under a pending FINRA investigation (Wells Notice Examination #20220767662). The allegations claim that Mr. Reddy participated in private securities transactions for compensation without prior disclosure or approval from his member firm. This could constitute a violation of FINRA Rule 3280, which governs private securities transactions, as well as FINRA Rule 2010, which requires brokers to uphold ethical standards.
The investigation was initiated by FINRA on November 20, 2024 and has not yet concluded.
FINRA Rule 2010-states that a member: “in the conduct of its business, shall observe high standards of commercial honor and just and equitable principles of trade.”
Allegations of Broker Misconduct Against Venugopal Reddy
Regulatory authorities have alleged the following misconduct against Venu Reddy:
- Private Securities Transactions: Engaged in sales outside the scope of his member firm without obtaining prior authorization, potentially violating FINRA Rules 3280 and 2010.
- Failure to Disclose Activities: Alleged failure to properly disclose compensation-related activities to his employing firm.
- Regulatory Investigation: Currently under FINRA’s scrutiny for conduct potentially detrimental to client interests and firm compliance.
FINRA enforces strict rules requiring brokers to disclose and gain approval for private securities transactions. Violations of these rules can result in significant penalties, including suspension or permanent barring from the industry.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Venu Reddy, contact us for a complimentary consultation with an experienced 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.
