Southlake, TX – December 12, 2025 – Sandeep Shrivastava (CRD# 5003823), a financial advisor registered with TPEG Securities, LLC, has two pending customer disputes on his FINRA BrokerCheck record. The complaints, both involving direct participation programs and limited partnership interests, allege misrepresentations, failure to disclose risks, and unsuitable investment recommendations in private placements. The claimants are seeking combined alleged damages totaling $820,699.00. This post provides a detailed overview of the pending complaints, explains the significance of private placement investment allegations, and outlines investor rights and recovery options.
BrokerCheck Snapshot
Name: Sandeep Shrivastava
CRD #: 5003823
Firm: TPEG Securities, LLC
Location: Southlake, TX
Years in Industry: 10
Number of Disclosures: 2
Pending Customer Complaints Against Sandeep Shrivastava
According to FINRA BrokerCheck records, Sandeep Shrivastava has two pending customer disputes. Both complaints involve private placement investments offered through TPEG Securities, LLC. The details are as follows:
Complaint 1: Alleged Misrepresentations and Failure to Disclose Risks
Employing Firm: TPEG Securities, LLC
Date Complaint Received: September 6, 2025
Status: Pending (written complaint)
Allegations:
The customer alleges that he was misled and misinformed by Sandeep Shrivastava during the period from May 2019 to August 2019 regarding investments offered by TPEG Securities, LLC. The customer further alleges he was never made aware of the risks involved in private placements.
Product Type: Direct Investment – Direct Participation Programs and Limited Partnership Interests
Alleged Damages: $200,000.00
Time Frame: May 2019 – August 2019
Broker’s Response:
Mr. Shrivastava denies all allegations and states: “I deny all allegations. Client was fully informed about the investment through an Executive Summary, Private Placement Memorandum and Webinar. Further, Client requested a call to discuss the investment opportunity with me and Trinity’s investment team leadership. Client subsequently made the decision to participate in this investment through an LLC with five partners. All associated investment risks were disclosed in the Private Placement Memorandum. Subsequently, the client received quarterly updates on the investment from Trinity.”
Complaint 2: Alleged Unsuitable Investment Portfolio
Employing Firm: TPEG Securities, LLC
Date Complaint Received: February 13, 2025
Status: Pending (written complaint)
Allegations:
The client alleges that investments were not balanced and secure, which resulted in both realized and unrealized losses.
Product Type: Direct Investment – Direct Participation Programs and Limited Partnership Interests
Alleged Damages: $620,699.00 (cost basis for current investments)
Broker’s Response:
Mr. Shrivastava denies the allegations and states: “I deny allegations. Client had been investing with Trinity in Mezzanine Debt and Preferred Equity for several years and was satisfied with their portfolio and investment returns. Subsequently, the market cycle shifted in 2022 and the Client has, since, realized several losses in their portfolio. Each investment had been presented with an Executive Summary, Private Placement Memorandum and Webinar. The Client reviewed the same, discussed pros and cons, and then decided to invest in a broad portfolio of Trinity real estate and operating company deals. That included a mix of Mezzanine Debt and Preferred Equity. Client also indicated that liquidity was not an issue with them, and they had access to other sources of liquid cash.”
What Are Private Placements and Direct Participation Programs?
Private placements and direct participation programs are alternative investments that allow investors to participate directly in the cash flow and tax benefits of the underlying assets. These investments often involve real estate, oil and gas ventures, equipment leasing, or other business ventures. Common types include limited partnerships, mezzanine debt investments, and preferred equity positions.
Private placements carry unique risks including:
- Illiquidity: These investments typically cannot be easily sold or converted to cash
- Lack of transparency: Limited public information and regulatory oversight
- High fees: Often include substantial upfront commissions and ongoing management fees
- Concentration risk: Large portions of capital tied to single projects or ventures
- Market risk: Vulnerable to economic downturns and sector-specific challenges
- Total loss potential: Unlike publicly traded securities, investors may lose their entire investment
Financial advisors have a regulatory obligation to ensure that private placements are suitable for their clients based on financial situation, investment objectives, risk tolerance, liquidity needs, and investment experience. Recommending illiquid, high-risk private placements to investors who need liquidity or cannot afford losses may constitute broker misconduct.
Pattern of Conduct / Risk Factors
While Mr. Shrivastava has been registered with TPEG Securities, LLC since January 2015 and has two pending customer complaints on his BrokerCheck record, the nature and scope of the allegations raise important investor protection concerns. Both complaints involve the same product type (direct participation programs and limited partnership interests) and similar allegations regarding risk disclosure and suitability.
The combined alleged damages of $820,699.00 suggest substantial investor losses. The complaints allege inadequate risk disclosure, misrepresentations, and unsuitable investment recommendations. When multiple investors report similar problems with the same advisor and the same types of investments, it may indicate systemic issues with sales practices or failure to supervise by the brokerage firm.
Can Investors Recover Losses?
Investors who suffered losses after investing with Sandeep Shrivastava may be entitled to recover their losses through FINRA arbitration. Common claims in cases involving private placement investments include:
- Unsuitable investment recommendations
- Misrepresentation or omission of material facts about investment risks
- Failure to conduct adequate due diligence
- Over-concentration in illiquid investments
- Breach of fiduciary duty
- Failure to supervise by the brokerage firm
Patil Law, P.C. has over 15 years of experience representing investors in FINRA arbitration and securities litigation, with more than $25 million recovered for clients across 1,000+ cases. We provide a free, confidential consultation to review your potential claim. Our firm works on a contingency fee basis, meaning you pay no attorney fees unless we successfully recover money for you.
About FINRA Arbitration
FINRA arbitration is a streamlined dispute resolution process for securities-related claims. It offers a faster, more cost-effective alternative to traditional court litigation. Most cases are resolved within 12-16 months. Claims generally must be filed within six years of the incident, though the timeline can vary depending on the specific circumstances of each case.
Related Brokers and Firms
Investors who worked with advisors at TPEG Securities may want to review their account statements for similar issues. Common problems include unsuitable investment recommendations in private placements, inadequate risk disclosure, over-concentration in illiquid investments, and failure to supervise by the brokerage firm.
Frequently Asked Questions
What are the pending complaints against Sandeep Shrivastava?
Mr. Shrivastava has two pending written complaints on his BrokerCheck record. The first complaint, received September 6, 2025, alleges he misled and misinformed the customer about investment risks in private placements from May-August 2019, with alleged damages of $200,000.00. The second complaint, received February 13, 2025, alleges unsuitable recommendations resulting in realized and unrealized losses, with alleged damages of $620,699.00. Both complaints involve direct participation programs and limited partnership interests. Mr. Shrivastava denies all allegations.
Can investors recover losses involving TPEG Securities?
Yes, investors who suffered losses due to unsuitable recommendations, misrepresentations, or other forms of broker misconduct may be entitled to pursue recovery through FINRA arbitration. TPEG Securities is a FINRA member organization, and investors have the right to file arbitration claims against registered representatives and their employing firms.
What is FINRA arbitration?
FINRA arbitration is a dispute resolution forum specifically designed for investment-related claims between investors and brokerage firms or brokers. It is typically faster and less expensive than traditional litigation. An independent arbitration panel hears evidence from both sides and issues a binding decision. Most investor agreements with brokerage firms include mandatory arbitration clauses.
What are the risks of private placement investments?
Private placements carry significant risks including illiquidity (inability to quickly sell the investment), lack of transparency, high fees, concentration risk, market risk, and potential for total loss of principal. These investments are typically only suitable for sophisticated investors who understand the risks, have adequate liquid assets, and can afford to lose their entire investment.
How do I look up a broker on BrokerCheck?
Visit FINRA’s BrokerCheck website at brokercheck.finra.org and search by the broker’s name or CRD number. The report will show the broker’s employment history, qualifications, and any disclosure events including customer complaints, regulatory actions, or terminations. All registered brokers are required to maintain accurate disclosure records.
What should I do if I suspect broker misconduct?
First, gather all account statements, correspondence, and investment documentation. Review your losses and the nature of the investments recommended. Then, file a complaint with FINRA and consult with a securities attorney who can evaluate whether you have a viable claim. Time limits apply, so it’s important to act promptly.
About Patil Law, P.C.
Patil Law, P.C. is a securities litigation firm dedicated to representing investors who have suffered losses due to broker misconduct, unsuitable recommendations, and securities fraud. Founded in 2018 by attorney Chetan Patil, the firm focuses exclusively on FINRA arbitration and investment loss recovery.
With over 15 years of combined experience in securities law, Patil Law has successfully recovered more than $25 million for clients across 1,000+ cases. Attorney Chetan Patil earned his law degree from Case Western Reserve University School of Law. Attorneys Gabriela Dubrocq and Patricia Herrera earned their law degrees from University of Miami. The firm handles cases nationwide involving unauthorized trading, churning, unsuitable investments, breach of fiduciary duty, and failure to supervise.
Patil Law works on a contingency fee basis, meaning clients pay no attorney fees unless the firm successfully recovers money on their behalf. All consultations are free and confidential.
Contact Patil Law for a Free Consultation
If you lost money after investing with Sandeep Shrivastava or any broker at TPEG Securities, LLC, we can help. Our experienced securities attorneys will review your case at no cost and explain your options for recovering your investment losses.
Call us today at 800-950-6553 or email info@patillaw.com to schedule your free, confidential consultation. We handle cases nationwide and work on a contingency fee basis—you pay nothing unless we win.
Disclaimer:
The information in this post is based on FINRA BrokerCheck records and public filings. Allegations described are pending and unproven and may be contested. All investors are entitled to fair treatment under securities laws. This is attorney advertising. Prior results do not guarantee a similar outcome. This communication is for informational purposes only and does not create an attorney-client relationship.
