DID ANSELMO CONTRERAS JR CAUSE YOU INVESTMENT LOSSES?
About Anselmo Contreras Jr formerly with IFS Securities?
Anselmo Contreras Jr (CRD #4095453) was registered with IFS Securities from January 2018 until April 2019. His career includes working with Cambridge Investment Research Inc. from September 2013 to January 2018 and Commonwealth Financial Network from February 2009 to October 2013. He passed the Series 7 (General Securities Representative) and Securities Industry Essentials (SIE) exams. Contreras also cleared the Series 63 and Series 66 state securities law exams. He held a board member and treasurer role at the Brazoria County Hispanic Chamber of Commerce while working as an independent insurance agent.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Anselmo Contreras Jr Customer Complaints and Reviews
Total Incidents: 3 (1 regulatory event, 1 customer dispute, 1 employment termination)
- Regulatory Action:
- Date Initiated: April 30, 2019
- Regulator: FINRA
- Allegations: Contreras misused and converted customer funds by depositing a $10,000 check meant for a real estate venture into his personal bank account. He also borrowed $30,000 from clients without firm approval.
- Resolution: Acceptance, Waiver, and Consent (AWC)
- Sanction: Permanent bar from acting in any capacity
- Current Status: Final
- Pending Customer Dispute:
- Date: Complaint received on March 26, 2024
- Allegations: Contreras made an investment recommendation solely to generate high commissions and fees, depriving the claimant of reasonable returns through a diversified portfolio.
- Product Type: Direct Investment – DPP & LP Interests, Oil & Gas
- Forum: FINRA Arbitration, Docket/Case #: 24-00397
- Status: Pending
- Employment Termination:
- Employer: Cambridge Investment Research Inc.
- Termination Date: January 16, 2018
- Allegations: Contreras was permitted to resign after failing to report a private securities transaction and for settling a customer complaint without firm knowledge.
Allegations Against Anselmo Contreras Jr
- Regulatory Action: Misused and converted customer funds, leading to a permanent bar from FINRA.
- Pending Dispute: Alleged recommendation of an investment for high commissions rather than customer returns.
- Employment Termination: Failure to report private securities transactions and customer complaint settlement.
Anselmo Contreras Jr Red Flags & Your Rights As An Investor
Of course, Anselmo Contreras Jr 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 Anselmo Contreras Jr at IFS Securities on alert to review carefully the activity and performance of their accounts and question whether Anselmo Contreras Jr has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at IFS Securities 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 IFS Securities Due To Anselmo Contreras Jr
If you have questions about IFS Securities and/or Anselmo Contreras Jr 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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