National investment loss lawyers KlaymanToskes is investigating broker Venu Reddy a/k/a Venugopal Reddy (CRD #5125813) of FBS Securities, and formerly of World Choice Securities.
According to FINRA BrokerCheck records, Venu Reddy a/k/a Venugopal Reddy of FBS Securities is under investigation for allegedly participating in private securities transactions for selling compensation without providing prior disclosure to, or receiving prior approval from, his member firm, leading to FINRA’s preliminary determination to recommend disciplinary action in November 2024.
Investors that suffered losses with broker Venu Reddy are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss potential recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
Venu Reddy has been registered as an investment advisor with FBS Securities in McKinney, Texas since July 2023. According to Financial Industry Regulatory Authority (“FINRA”) and Securities and Exchange Commission (“SEC”) records, Reddy has five years of securities industry experience and was previously registered with World Choice Securities in McKinney, Texas from 2020 to 2023, and Ashland Securities in Miami, Florida from 2019 to 2020. Reddy is currently under investigation by FINRA (Wells Notice examination #20220767662) due to allegations that he violated FINRA Rules 3280 and 2010 by participating in private securities transactions for selling compensation without providing prior disclosure to, or receiving prior approval from, the member firm with which he was associated.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against your financial advisor. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encouraged to contact our firm immediately if you have experienced any of the following:
Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.
Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.
If you suffered losses with broker Venu Reddy, or have concerns regarding your investment portfolio at FBS Securities, World Choice Securities, or with any other financial advisor or firm, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.