FINRA Suspends Venugopal Reddy

Venugopal Reddy (CRD #: 5125813), a broker previously registered with World Choice Securities, has been investigated by FINRA, according to his BrokerCheck record, accessed on September 6, 2025. Keep reading if you have questions about his alleged conduct as a broker.

FINRA Suspension

On July 29, 2025, Venugopal Reddy consented to the entry of findings that he allegedly participated in private securities transactions without providing prior notice to World Choice Securities.

According to a Letter of Acceptance, Waiver & Consent (AWC), Venugopal Reddy allegedly formed an investment fund and several affiliated entities with a partner in October and November 2021 in order to raise capital to invest in early-stage technology companies. He allegedly disclosed and was approved by his firm to participate in these entities and their investment-related activities.

Between November 2021 and October 2022, Venugopal Reddy allegedly participated in transactions involving nine investors who committed investments to the fund and affiliated entities. He allegedly raised approximately $5 million in capital by assisting in the solicitation of these investments and executing subscription agreements on behalf of the fund and its entities.

Venugopal Reddy allegedly failed to disclose his participation in these private securities transactions to World Choice Securities or receive approval prior to these transactions. He allegedly received approval after the firm discovered his involvement.

The AWC concluded that these allegations constitute violations 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.

Sanctions

Venugopal Reddy consented to the following sanctions:

• Six-month suspensions from associating with FINRA members
• $5,000 fine

His suspension began on August 4, 2025, and will end on February 3, 2026. You can access the AWC here.

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.