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Sid Bindra: Suitability Complaints Against Truist Advisor

Tampa, Florida financial advisor Sid Bindra (CRD# 6147537) has received multiple investor complaints alleging that his conduct resulted in damages. Financial Industry Regulatory Authority records show that he is registered as a broker with Truist Investments and an investment advisor with Truist Advisory Services, having previously been registered with BB&T Securities.

Mr. Bindra’s BrokerCheck report discloses three investor complaints. The most recent, filed in February 2024, alleged that as a representative of Truist Investment Services, he recommended an unsuitable investment in a zero-coupon structured product. The complaint reached a settlement of $31,860.

A second investor complaint, filed in 2023, alleged that as a representative of Truist Investment Services, he misrepresented material facts relating to an investment in a structured product. The complaint reached a settlement of $14,954.

A third investor complaint, filed in 2017, alleged that as a representative of UBS Financial Services, he over-concentrated “unsuitable and risky investments” in the customers’ accounts. In 2018 the complaint reached a settlement of $92,500.

According to the Financial Industry Regulatory Authority, Sid Bindra holds 11 years of securities industry experience. Based in Tampa, Florida, he has been registered as a broker with Truist Investments and an investment advisor with Truist Advisory Services since 2021. His past registrations include BB&T Securities (Richmond, Virginia; 2018-2021), BB&T Investment Services (Arlington, Virginia; 2017-2018), UBS Financial Services (Annapolis, Maryland; 2015-2017), and Morgan Stanley (Annapolis, Maryland; 2013-2015). His credentials include the passage of three securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Combined State Law Examination, or Series 66. He holds 25 state licenses. (Information current as of June 16, 2024.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.

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