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FINRA Investigates Venugopal Reddy Over Alleged Violations

Venugopal Reddy (CRD #: 5125813), a broker previously registered with World Choice Securities, has been investigated by FINRA, according to his BrokerCheck record, accessed on December 5, 2024. Keep reading if you have questions about his alleged conduct as a broker.

FINRA Investigation

On November 20, 2024, FINRA made a preliminary decision to recommend disciplinary action be brought against Venugopal Reddy, alleging that he participated in private securities transactions for selling compensation without disclosing them to or receiving approval from his firm, in violation of FINRA Rules 3280 and 2010.

FINRA Rule 3280

FINRA Rule 3280 requires brokers to provide written notice to their firm before engaging in private securities transactions.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Background Information

Venugopal Reddy has passed the following exams:

  • General Securities Principal Examination – Series 24
  • General Securities Representative Examination – Series 7TO
  • Investment Banking Registered Representative Examination – Series 79TO
  • Securities Industry Essentials Examination – SIE
  • Uniform Investment Adviser Law Examination – Series 65
  • Uniform Combined State Law Examination – Series 66
  • Uniform Securities Agent State Law Examination – Series 63

He previously worked for World Choice Securities (CRD#:30933) and Ashland Securities (CRD#:297523).

Kurta Law Can Help

If you worked with Venugopal Reddy 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 that 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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