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Read MoreVenu Reddy: FINRA Investigates FBS Securities Advisor
McKinney, Texas financial advisor Venu Reddy (CRD# 5125813) allegedly participated in undisclosed private securities transactions, according to an investigation. Financial Industry Regulatory Authority and Securities and Exchange Commission records show that the former World Choice Securities broker is currently registered as an investment advisor with FBS Securities.
Mr. Reddy’s BrokerCheck report discloses FINRA’s investigation into his conduct. Filed in November 2024, it states that FINRA made a preliminary determination to recommend disciplinary action against him, alleging that he violated FINRA rules “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.” The action remains pending.
FBS Securities’ website includes a page describing its approach to wealth management. “At the core of our wealth management philosophy lies a simple yet profound belief: getting to know you on a personal level is crucial to crafting the most effective strategies for your financial success,” it explains. “Drawing upon over a century of combined experience, we tailor our solutions to fit your exact needs, ensuring that every aspect of your financial life is taken care of with precision, care, and creativity.”
Mr. Reddy’s LinkedIn profile includes an “About” section describing his own experience and approach to working with his clients. “With extensive experience on Wall Street and beyond, Venu provides personalized financial solutions that help clients achieve long-term success,” it explains. “As an independent advisor, Venu specializes in working with small businesses and affluent families to design tailored financial plans that address both immediate needs and future goals.”
According to the Financial Industry Regulatory Authority and the Securities and Exchange Commission, Venu Reddy holds five years of securities industry experience. Based in McKinney, Texas, he has been registered as an investment advisor with FBS Securities since 2023. His past registrations include World Choice Securities (McKinney, Texas; 2020-2023) and Ashland Securities (Miami, Florida; 2019-2020). He is licensed as an investment advisor in Georgia, New Jersey, Oklahoma, and Texas. (Information current as of December 1, 2024.)
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