TPEG Securities Representative Sanjay Chandra Disclosed Customer Disputes Alleging Unsuitable Private Placement Investments

• October 14, 2026
• TPEG Securities

Between July 23 and August 17, 2026, three customer disputes were reported on the BrokerCheck record of TPEG representative Sanjay Chandra (CRD# 5512809). Each alleges unsuitable private placement investments and material misrepresentations or omissions about the investments’ risks.

Broker’s History

According to his FINRA BrokerCheck report and SEC IAPD report, Chandra entered the industry in 2008. He has been registered with TPEG Securities, LLC in Southlake, Texas since August 2008. Since October 2023, he has also been an investment adviser representative of Trinity Investors Fund Advisors, LLC, at the same address. He has no other registrations. BrokerCheck reports four customer disputes.

Customer Disputes (July–August 2026)

BrokerCheck reports three pending customer disputes, dated July 23, July 30, and August 17, 2026. Each alleges that customers were sold unsuitable private placement investments and that material facts about the investments’ risks were misrepresented or omitted. Each seeks $5,000.

According to the disclosures, Chandra appears to have been named because of his position at the broker-dealer, and he was not the representative assigned to these customers. The disputes are pending, and their allegations have not been proven.

Prior Customer Dispute (2020)

In May 2020, a customer alleged misstatements about a 2016 oil and gas investment. According to BrokerCheck, Chandra was an officer of the oil and gas company but was not the customer’s designated representative. The complaint did not identify any specific misstatement he made. The customer sought $265,000, and the dispute settled for $225,000. Chandra’s comment denies all allegations. He states that the customer received accurate disclosure documents, the investment met suitability requirements, and the firm settled as a business decision. Settlements are not admissions of wrongdoing.

Applicable FINRA Rules and Legal Standards

Since June 30, 2020, Regulation Best Interest has required a broker-dealer and its representatives to have a reasonable basis to believe a recommendation is in a retail customer’s best interest. The firm must also disclose material facts and identify and mitigate conflicts of interest. Before then, FINRA Rule 2111 required suitable recommendations.

Private placements carry heightened diligence obligations. In Regulatory Notice 23-08, FINRA reminded firms that they must conduct a reasonable investigation of an offering before recommending it. The investigation must be independent of the issuer, especially where the firm or its personnel are affiliated with the sponsor. Misrepresenting or omitting material risks may also violate the antifraud provisions and FINRA Rule 2020. FINRA Rule 3110 requires firms to reasonably supervise their representatives’ sales of private offerings.

What This Means for Investors

Private placements and other alternative investments, including oil and gas programs and private real estate funds, are typically illiquid, high-risk, and difficult to value. Investors rely heavily on the selling firm’s representations and due diligence. Investors who purchased private placements through TPEG Securities and were not told about the risks may have claims for unsuitable investments, misrepresentation, and failure to supervise. The same applies to investors whose investments were not suitable for their age, liquidity needs, or risk tolerance. Our page on private placement fraud discusses these claims. Claims generally must be filed within six years under FINRA Rule 12206.

The Wolper Law Firm, P.A. represents investors throughout the country in securities arbitration and litigation, typically on a contingency fee basis. Matt Wolper, the firm’s managing principal, is a trial attorney who has handled more than 1,000 securities cases. If you invested in a private placement through TPEG Securities, contact us for a free consultation at 800.931.8452 or mwolper@wolperlawfirm.com.