DID RANDY DEAN REDD CAUSE YOU INVESTMENT LOSSES?
Randy Redd Formerly with LPL Financial LLC was terminated on July 18, 2024, due to unapproved outside business activity.
Who is Randy Redd formerly with LPL Financial LLC
Randy Redd (CRD #4551799) who was formerly registered as a broker with LPL Financial LLC and located in Chandler, Arizona, is a subject of one of our many securities industry sales practice abuse investigations.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Randy Redd Customer Employment History
Randy Dean Redd has a significant history in the securities industry, having been associated with multiple firms throughout his career. He was most recently registered with LPL Financial LLC from March 2004 until his termination in July 2024. Before that, he was registered with Equity Services, Inc. from July 2002 to February 2004. Over the years, Redd has passed four industry exams, including one principal/supervisory exam, two general industry/product exams, and one multi-state securities law exam. Despite his extensive experience, he is not currently registered with any firm.
Allegations Against Randy Redd
- Customer Dispute (Pending):
- In December 2023, a customer filed a complaint alleging embezzlement of funds through a private real estate transaction involving Redd. The alleged damages amounted to $2,872,200. The complaint has evolved into civil litigation, which is currently pending in the U.S. District Court of Utah under case number 2:24-CV-00095.
- Employment Termination:
- On July 18, 2024, Redd was discharged from LPL Financial LLC. The termination was due to his participation in an outside business activity without providing notice to or obtaining approval from the firm.
Randy Redd Red Flags & Your Rights As An Investor
Of course, Randy Redd 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 coupled with the recent termination are red flags which should put all current and former customers of Randy Redd at LPL Financial LLC on alert to review carefully the activity and performance of their accounts and question whether Randy Redd has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at LPL Financial LLC also raises questions about the brokerage firms’ 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 LPL Financial LLC Due To Randy Redd
If you have questions about LPL Financial LLC and/or Randy Redd 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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