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Investor Alleges Veena Garg Misappropriated Assets

Veena Garg (CRD #: 4469945), a broker registered with Merrill Lynch, Pierce, Fenner & Smith, was involved in a recent investor dispute, according to her BrokerCheck record, accessed on May 16, 2022. Keep reading if you have questions about Veena Garg’s conduct as a broker.

Investor Dispute

On March 2, 2022, an investor filed a dispute claiming Veena Garg added her name to the client’s account in April 2010 without the client’s consent and misappropriated assets from that account in February 2022. This dispute was denied by the firm.

However, investors should know that firms can deny disputes without allowing an external review. Investors can still recoup their losses after a denial by seeking FINRA arbitration.

FINRA Rule 2150

FINRA Rule 2150 forbids the improper use of clients’ funds, including the sharing of accounts without proper authorization from the client and the firm.

Background Information

Veena Garg has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination
  • Series 6 – Investment Company Products/Variable Contracts Representative Examination

Veena Garg is a registered broker in 10 states and a registered investment adviser in Connecticut.

She has also worked for Banc of America Investment Services (CRD#:16361) and Quick & Reilly (CRD#:11217).

Kurta Law Can Help

If you worked with Veena Garg and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. 

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