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JAIME SANCHEZ RIVERA of First Southern SUSPENDED – Puerto Rico

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28
Dec

JAIME SANCHEZ RIVERA of First Southern SUSPENDED – Puerto Rico

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JAIME SANCHEZ RIVERA of First Southern SUSPENDED – Puerto Rico

Jaime Sanchez Rivera, formerly with First Southern Securities, Suspended by FINRA for 5 Months

Have you lost money with financial advisor Jaime Sanchez Rivera?  We are looking into allegations made about Jaime I. Sanchez Rivera from Guaynabo, Puerto Rico.  FINRA (the Financial Industry Regulatory Authority) suspended him from the securities industry for five months and ordered a $10,000 deferred fine.  FINRA alleged that Jaime Sanchez Rivera falsified business documents.

Jaime Sanchez Rivera was a financial advisor and registered representative of First Southern Securities from April 2017 to May 2020.  He has been with Herbert J. Sims & Co. from May 2014 to April 2017.  He worked in a branch office in Guaynabo, Puerto Rico. He has also been the subject of three customer complaints, and he was also terminated by First Southern Securities.

Brokerage firms like First Southern Securities have a responsibility to adequately supervise all representatives who are registered through their firm.  Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies.  When brokerage firms 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 Phoenix, Arizona; Seattle, Washington; Denver, Colorado; and Ann Arbor, Michigan.  We represent investors in FINRA arbitration proceedings in all 50 states, including in Puerto Rico. Our attorneys have represented over one thousand investors against many brokerage firms in the past.

If you lost money with Jaime Sanchez Rivera or First Southern Securities, please CONTACT US at 720-599-3505 for a free evaluation of your case.

Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.
10.0David P Neuman

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