DID JOSHI KONERU CAUSE YOU INVESTMENT LOSSES?
About Joshi Koneru of Creative Planning?
Joshi Koneru (CRD #5335312) , located in Glenview, Illinois, is a financial professional with experience in various roles across the wealth management and investment advisory sectors. Throughout his career, he has worked with firms such as Fidelity Investments and Watershed Private Wealth LLC.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Joshi Koneru Customer Complaints and Reviews
Mr. Koneru has one reported disclosure event in his professional history:
- Customer Dispute (2016):
- Complaint: A customer alleged misrepresentation regarding the interest income on a variable annuity product.
- Damage Claimed: $10,640.
- Outcome: The complaint was received on November 28, 2016, during Mr. Koneru’s employment at Fidelity Brokerage Services LLC. After review, the complaint was denied on December 8, 2016. No settlement was made, and there were no findings of the wrongdoing by Mr. Koneru.
Allegations Against Joshi Koneru
Fidelity Brokerage Services reviewed the case and determined no grounds for action. The complaint was denied shortly after receiving it.
Customer Complaint (2016): The complaint involved a variable annuity product, with the customer alleging that the interest income was misrepresented.
Joshi Koneru Employment History
Mr. Koneru has passed the Series 7, 63, 66, and the Securities Industry Essentials exams, demonstrating a strong foundation in financial products and multi-state securities laws. He has also earned the Certified Financial Planner (CFP) Designation, highlighting his commitment to professional standards and client-centric planning.
Investment Advisors Owe Clients The Highest Level Of Care
Investment advisors are held to a fiduciary standard, obligating them to act in the best interests of their clients. This includes providing full transparency regarding potential conflicts of interest, offering thorough explanations of investment strategies, and ensuring alignment with clients’ financial goals and risk tolerances. Advisors must exercise due diligence and care in selecting and managing investments, emphasizing long-term client benefits over personal or organizational gains. Upholding these principles is fundamental to maintaining trust and protecting clients in a complex financial landscape.
Option Trading Can Be Extremely Risky
Options trading can pose significant risks due to its leverage and speculative nature. Advanced strategies, such as selling naked calls, can expose investors to unlimited losses if the underlying asset’s price rises significantly. For example, an advisor engaging in this strategy without proper safeguards may jeopardize a client’s portfolio during volatile market conditions. While options can be used to hedge risks, their speculative application requires clients to have a deep understanding of potential outcomes. Advisors must carefully evaluate whether these strategies align with a client’s financial objectives and risk tolerance before implementation.
Joshi Koneru Red Flags & Your Rights As An Investor
Of course, Joshi Koneru did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Creative Planning on alert to review carefully the activity and performance of their accounts and question whether Joshi Koneru has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Creative Planning also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Creative Planning Due To Joshi Koneru
If you have questions about about Creative Planning and/or Joshi Koneru and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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