National investment loss lawyers KlaymanToskes is investigating broker Jaime Sanchez Rivera (CRD#: 6013022) of First Southern LLC.
According to FINRA BrokerCheck, broker Jaime I. Sanchez Rivera, formerly of First Southern LLC, was suspended and is currently facing a customer complaint alleging $250,000 in damages. The complaint alleges that Sanchez Rivera falsified documents that he provided to the customer reflecting he had ownership in a fund to make up for losses he incurred at the broker’s prior firm.
Investors that suffered losses with broker Jaime Sanchez Rivera are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss potential recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
Jaime I. Sanchez Rivera, a former financial advisor, was registered with First Southern from August 2017 through May 2020 in Guaynabo, Puerto Rico. In December 2020, Sanchez had entered into a Letter of Acceptance, Waiver, and Consent (AWC) with FINRA, agreeing to a five-month suspension and a $10,000 fine. The AWC stemmed from allegations that Sanchez falsified a business document, forged a third party’s signature on the document, and later misled his member firm about the purpose of the falsification.
Sanchez Rivera is currently facing a customer complaint filed December 2, 2024 alleging that he falsified documents that he provided to the customer reflecting the customer had ownership in a fund to make up for losses the customer incurred at the broker’s prior firm. The customer is seeking $250,000 in damages.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against your financial advisor. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encouraged to contact our firm immediately if you have experienced any of the following:
Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.
Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.
If you suffered losses with broker Jaime Sanchez Rivera, or have concerns regarding your investment portfolio at First Southern, or with any other financial advisor or firm, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.