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Jaime Sanchez Rivera Formerly With First Southern, LLC and Herbert J. Sims & Co. Inc. Has 3 Customer Complaints For Alleged Broker Misconduct

Who is Jaime Sanchez Rivera formerly with First Southern, LLC and Herbert J. Sims & Co. Inc.?

Jaime Sanchez Rivera (CRD #6013022) who was formerly registered with First Southern, LLC and located in Guaynabo, Puerto Rico, is a subject of one of our many securities industry sales practice abuse investigations.  Prior to First Southern, LLC, Jaime Sanchez Rivera was associated with Herbert J. Sims & Co. Inc. and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Jaime Sanchez Rivera has had his own share of regulatory problems. There were 3 regulatory actions taken by FINRA against him. In one matter, he consented to sanctions without admitting or denying the allegations that he falsified a business document, forwards a third-party signature on the document, and later misled his member firm about the purpose of the falsification for which he was suspended 5 months and fined $10,000.

Jaime Sanchez Rivera Customer Complaints

Jaime Sanchez Rivera has been the subject of 3 customer complaints that we know about to recover investment losses. One of the customer complaints was settled by Herbert J. Sims & Co., Inc. in favor of the investor. Another customer complaint was denied by his employer and the customer took no further action. The third customer complaint is still pending.

Allegations Against Jaime Sanchez Rivera

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • Falsification of documents.
  • Unauthorized trading.
  • Unauthorized use of margin and misrepresentation of an investment.

Jaime Sanchez Rivera Red Flags & Your Rights As An Investor

Of course, Jaime Sanchez Rivera did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Jaime Sanchez Rivera at First Southern, LLC and Herbert J. Sims & Co. Inc. on alert to review carefully the activity and performance of their accounts and question whether Jaime Sanchez Rivera has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at First Southern, LLC and Herbert J. Sims & Co. Inc. also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim To Recover Your Investment Losses At First Southern, LLC Due To Jaime Sanchez Rivera

If you have questions about First Southern, LLC, Herbert J. Sims & Co. Inc. and/or Jaime Sanchez Rivera and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

Author Photo

Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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