Investor Alert: Robert Renteria was suspended and fined $5,000 for borrowing $7,500 from customers
/FINRA Sanctions & Allegations of Misconduct
FINRA suspended and fined $5,000 Robert Renteria (CRD #5773053) from El Paso, Texas for borrowing a total of approximately $7,500 from two customers of his member firm without its prior knowledge or approval. In addition, Renteria initially borrowed approximately $1,500 from one of the customers, the firm detected that he was using funds from his own bank account to purchase securities for the customer and commenced an investigation. The suspension is in effect from December 16, 2019, through March 15, 2020.
Investors Have the Right to Recover Their Losses
When investments are sold by brokerage firms licensed by FINRA, they are subject to the laws that FINRA enforces. The brokerage firms are responsible for ensuring that their brokers are trading fairly, ethically and in the best interest of their clients. Ideally, they would accomplish this through careful supervision. Unfortunately, too often this supervision has been inadequate to fully protect investors. If you purchased any investments through a representative of a registered brokerage firm and suffered losses through negligence or fraud, it immediately puts the brokerage firm at fault for failing to supervise their broker. FINRA law then dictates that you can hold the firm legally liable to recover your damages.
Can I recover my investment losses?
If you lost a substantial portion of your retirement savings or other assets as a result of investments purchased through PFS Investments Inc., or Robert Renteria please contact us immediately. Our investment fraud lawyers have recovered millions of dollars from the largest banks, insurance companies, and brokerage firms in the world on behalf of investment fraud victims. You may have certain legal rights that require your immediate attention. Time is of the essence in these claims. The sooner you act, the greater your chances of recovering your investment losses. Don't wait. Contact us TODAY for a FREE Consultation and case evaluation. We will tell you if you have a viable claim worth pursuing.