Dennis Anthony Contrestano of Fresno California a stockbroker formerly registered with RBC Capital Markets LLC has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he executed trades in customer accounts without authorization. Letter of Acceptance Waiver and Consent No. 2017056766801 (June 28, 2018).
According to the AWC, from October 4, 2017 to October 24, 2017, six trades had been effected by Contrestano in a customer’s investment account. The AWC stated that the customer never consented to the transactions, and reported the issue to RBC Capital Markets. FINRA found that Contrestano’s conduct was violative of FINRA Rule 2010.
Contrestano was discharged from RBC Capital Markets LLC on November 29, 2017 based upon allegations that he exercised discretion in a customer’s investment account in violation of RBC Capital Markets’ policy. Since December 15, 2017, Contrestano has been associated with Independent Financial Group, LLC.
The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.
This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer
Guiliano Law Group
Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
For more information concerning common claims against stockbrokers and investment professionals, please visit us at securitiesarbitrations.com
To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com
