Former LPL Financial LLC broker Randy Redd (CRD# 4551799) is accused of real estate investment losses. He was registered with LPL Financial LLC in Chandler, Arizona, from 2004 to 2024, when he was terminated regarding, “Participated In Outside Business Activity Without Notice And Approval From Firm.”
Randy Redd Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
December 2023. “Customer alleged embezzlement of funds through private real estate transaction in 2023.” The customer is seeking $2,872,200 in damages, and the case is currently pending.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, LPL Financial LLC may be liable for investment or other losses suffered by Randy Redd’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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