The law firm of Oakes & Fosher is presently investigating the possible misconduct of securities broker Dennis Contrestano. According to his publicly available FINRA BrokerCheck report, Dennis Contrestano has been the subject of an employment termination and a FINRA sanction.
Dennis Contrestano is a California based securities broker. He has worked in the securities industry for thirty-one years. During his career, he has been registered with five different securities firms.
His Registrations
- Prudential Securities (1986-1997)
- Piper Jaffray & Company (1997-2006)
- UBS Financial Services (2006)
- RBC Capital Markets (2006-2017)
- Independent Financial Group (2017-Present)
The Allegations
Dennis Contrestano’s publicly available FINRA BrokerCheck report shows that his employment with RBC Capital Markets ended in termination. This was due to allegations that he violated the firm’s policies regarding the use of discretion in client accounts.
Dennis Contrestano was eventually sanctioned by FINRA after an investigation into the above mentioned matter was opened. The findings state that he allegedly executed six unauthorized transactions in that customer’s account that totaled approximately $13,000. Due to the allegations, he was fined $5,000 and suspended from acting as a securities broker in any fashion for a period of thirty days.
Oakes & Fosher Can Help
Many investors are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who have lost money in this fashion may actually be entitled to damages.
Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Dennis Contrestano, please contact Oakes & Fosher for a free and private consultation. Oakes & Fosher handles cases on a contingency basis, which means there are no fees charged unless we collect for you.
