Former Cambridge Investment Research, Inc. broker Anselmo Contreras Jr. (CRD# 4095453) faces energy sector loss complaints. He was registered with IFS Securities in Angleton, Texas, from 2018 to 2019, and Cambridge Investment Research, Inc. in Angleton, Texas, from 2013 to 2018, when he was terminated regarding, “RR permitted to resign due to failure to report a private securities transaction and settling a customer complaint.”
In April 2019, FINRA barred him after he “consented to the sanction and to the entry of findings that he misused and converted customer funds.” FINRA found that he received a $10,000 check from a customer to invest in a real estate venture, but instead he deposited the money into his personal bank account for his use. FINRA also found that he borrowed $30,000 from firm customers.
Anselmo Contreras Jr. Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
March 2024. “Statement of Claim alleges an investment recommendation was made for the purpose of generating high commissions and fees and that Claimants were deprived of the ability to generate reasonable returns that would have been received in a diversified portfolio.” The case is currently pending. The complaint was regarding direct investments and oil and gas securities losses, and it took place while he was registered with Cambridge Investment Research, Inc.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Cambridge Investment Research, Inc. may be liable for investment or other losses suffered by Anselmo Contreras Jr.’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis
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