Advisor ANSELMO CONTRERAS Barred by FINRA – Angleton, TX
Have you lost money with financial advisor Anselmo Contreras from Angleton, Texas?
The law firm of Israels & Neuman is currently investigating allegations made against Anselmo Contreras, Jr., who previously worked with Cambridge Investment Research. FINRA (the Financial Industry Regulatory Authority) brought a regulatory action against Mr. Contreras, alleging that he converted or misappropriated $10,000 from a customer, and that he borrowed money from customers without notifying Cambridge Investment Research of such.
Anselmo Contreras was a registered representative and financial advisor of Cambridge Investment Research from September 2013 to January 2018. He also was affiliated with IFS Securities from January 2018 to April 2019. Contreras previously worked at branch offices in Angleton, Texas.
Broker-dealers like Cambridge Investment Research have a responsibility to adequately supervise all representatives who are registered through their firm, including investments sold by their registered representatives. Broker-dealers also must take steps to ensure that their financial advisors follow all securities rules and regulations. When broker-dealers fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Ann Arbor, Michigan; and Seattle, Washington. We represent investors in FINRA arbitration in all 50 states, including investors from Texas and throughout the Houston area. Our attorneys have represented over one thousand investors against numerous brokerage firms, including Cambridge Investment Research.
Click to view: Contreras, Anselmo BrokerCheck
Click to view: Contreras, Anselmo FINRA AWC
If you lost money with Anselmo Contreras or Cambridge Investment Research, please CONTACT US at 720-599-3505 for a free evaluation of your case.