Advisor Alert: Our Attorneys Are Investigating Anselmo Contreras, Jr. For Investment Fraud
Did You Lose Money Because of Anselmo Contreras, Jr.?
Filed: October x, 2023
Anselmo Contreras, Jr. currently has been the subject of one (1) regulatory event and one (1) termination event. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Anselmo Contreras, Jr..
Who Is Anselmo Contreras, Jr.?
- Advisor Name: Anselmo Contreras, Jr.
- Aliases: Anselmo Contreras, Jr.
- CRD: 4095453
- Location: Angleton, Texas
- Current Employer: No Longer Allowed to Practice in the Securities Industry
- Previous Firms: IFS Securities, Cambridge Investment Research, Inc., and Commonwealth Financial Network
- Number of Known Regulatory Events: 1
Number of Known Termination Events: 1 - Can Anselmo Contreras, Jr. Be Sued: Yes, in Private Arbitration
- Can Anselmo Contreras, Jr.’s Employers Be Sued For Failing to Supervise His Actions: Yes, in Private Arbitration
- Highest Damages Allegation: Unknown
- Highest Settlement: Unknown
If you have suffered investment losses by Anselmo Contreras, Jr., we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Anselmo Contreras, Jr. For Broker Misconduct
As of this publication date, Anselmo Contreras, Jr. has been the subject of 1 regulatory event and 1 termination event. Let’s review them below.
In April 2019, FINRA initiated a regulatory action against or in reference to Anselmo Contreras. Without admitting or denying the findings, Contreras consented to the sanction and to the entry of findings that he misused and converted customer funds. The findings stated that Contreras induced a customer of his member firm to give him a $10,000 check to invest in a real estate venture. However, Contreras deposited the check into his personal bank account, and then used the customer’s money for his own personal use without the customer’s knowledge or consent. The findings also stated that Contreras borrowed $30,000 from firm customers without the knowledge or approval of the firm.
In January 2018, Cambridge Investment Research, Inc. terminated Anselmo Contreras for failing to report a private securities transaction and settling a customer complaint.
How To File A Claim Against Anselmo Contreras, Jr. (previously with IFS Securities, Cambridge Investment Research, Inc., and Commonwealth Financial Network) To Get Your Money Back.
If you have questions about Anselmo Contreras, Jr., IFS Securities, Cambridge Investment Research, Inc., Commonwealth Financial Network, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll free at 1-800-950-6553. Our team has recovered approximately $25 million dollars on behalf of investors who lost money due to bad advice by their broker or brokerage firm. We’d love to help you out too.