jaime isaac sanchez rivera - israelsneuman.com

BrokerCheck Report

JAIME ISAAC SANCHEZ RIVERA

Section Title

Report Summary

Broker Qualifications

Registration and Employment History

Disclosure Events

CRD# 6013022

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5 - 6

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Page(s)

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About BrokerCheck®

BrokerCheck offers information on all current, and many former, registered securities brokers, and all current and formerregistered securities firms. FINRA strongly encourages investors to use BrokerCheck to check the background ofsecurities brokers and brokerage firms before deciding to conduct, or continue to conduct, business with them.

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qualifications, disciplinary actions, criminal convictions, civil judgments and arbitration awards. BrokerCheckreports for brokerage firms include information on a firm’s profile, history, and operations, as well as many of thesame disclosure events mentioned above.

· Please note that the information contained in a BrokerCheck report may include pending actions orallegations that may be contested, unresolved or unproven. In the end, these actions or allegations may beresolved in favor of the broker or brokerage firm, or concluded through a negotiated settlement with no admissionor finding of wrongdoing.

· Where did this information come from?· The information contained in BrokerCheck comes from FINRA’s Central Registration Depository, or

CRD® and is a combination of: o information FINRA and/or the Securities and Exchange Commission (SEC) require brokers and

brokerage firms to submit as part of the registration and licensing process, and o information that regulators report regarding disciplinary actions or allegations against firms or brokers.

· How current is this information?· Generally, active brokerage firms and brokers are required to update their professional and disciplinary

information in CRD within 30 days. Under most circumstances, information reported by brokerage firms, brokersand regulators is available in BrokerCheck the next business day.

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· To check the background of an investment adviser firm or representative, you can search for the firm orindividual in BrokerCheck. If your search is successful, click on the link provided to view the available licensingand registration information in the SEC's Investment Adviser Public Disclosure (IAPD) website athttps://www.adviserinfo.sec.gov. In the alternative, you may search the IAPD website directly or contact your statesecurities regulator at http://www.finra.org/Investors/ToolsCalculators/BrokerCheck/P455414.

· Are there other resources I can use to check the background of investment professionals?· FINRA recommends that you learn as much as possible about an investment professional before deciding

to work with them. Your state securities regulator can help you research brokers and investment adviserrepresentatives doing business in your state.

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For additional information aboutthe contents of this report, pleaserefer to the User Guidance orwww.finra.org/brokercheck. Itprovides a glossary of terms and alist of frequently asked questions,as well as additional resources.

brokercheck.finra.org


https://www.AdviserInfo.sec.gov

http://www.finra.org/Investors/ToolsCalculators/BrokerCheck/P455414


http://brokercheck.finra.org/Support/Terms

JAIME I. SANCHEZ RIVERA

CRD# 6013022

This broker is not currently registered.

Report Summary for this Broker

This report summary provides an overview of the broker's professional background and conduct. Additionalinformation can be found in the detailed report.

Disclosure Events

All individuals registered to sell securities or provideinvestment advice are required to disclose customercomplaints and arbitrations, regulatory actions,employment terminations, bankruptcy filings, andcriminal or civil judicial proceedings.

Are there events disclosed about this broker? Yes

The following types of disclosures have beenreported:

Type Count

Regulatory Event 2

Customer Dispute 3

Termination 1

Investment Adviser RepresentativeInformation

https://www.adviserinfo.sec.gov

The information below represents the individual'srecord as a broker. For details on this individual'srecord as an investment adviser representative,visit the SEC's Investment Adviser PublicDisclosure website at



This broker has passed:

1 Principal/Supervisory Exam

2 General Industry/Product Exams

1 State Securities Law Exam

Registration History

This broker was previously registered with thefollowing securities firm(s):

FIRST SOUTHERN, LLCCRD# 282756GUAYNABO, PR08/2017 - 05/2020

B

FIRST SOUTHERN SECURITIES, LLC.CRD# 153133GUAYNABO, PR04/2017 - 05/2020

B

HERBERT J. SIMS & CO. INC.CRD# 3420GUAYNABO, PR05/2014 - 05/2017

B

www.finra.org/brokercheck User Guidance

1�2020 FINRA. All rights reserved. Report about JAIME I. SANCHEZ RIVERA.


https://adviserinfo.sec.gov/individual/summary/6013022

http://www.finra.org/brokercheck

http://www.finra.org/brokercheck_reports



Registrations

This section provides the self-regulatory organizations (SROs) and U.S. states/territories the broker is currently registered and licensed with, thecategory of each license, and the date on which it became effective. This section also provides, for every brokerage firm with which the broker iscurrently employed, the address of each branch where the broker works.








Industry Exams this Broker has Passed

This individual has passed 1 principal/supervisory exam, 2 general industry/product exams, and 1 state securities law exam.

This section includes all securities industry exams that the broker has passed. Under limited circumstances, a broker may attain a registrationafter receiving an exam waiver based on exams the broker has passed and/or qualifying work experience. Any exam waivers that the broker hasreceived are not included below.

Exam Category Date

Principal/Supervisory Exams

General Securities Principal Examination 11/09/2018Series 24B

Exam Category Date

General Industry/Product Exams

Securities Industry Essentials Examination 10/01/2018SIEB

General Securities Representative Examination 03/12/2012Series 7B

Exam Category Date

State Securities Law Exams

Uniform Combined State Law Examination 05/04/2018Series 66B IA

Additional information about the above exams or other exams FINRA administers to brokers and other securities professionals can be found atwww.finra.org/brokerqualifications/registeredrep/.





www.finra.org/brokerqualifications/registeredrep/



Professional Designations

This section details that the representative has reported 0 professional designation(s).

No information reported.







Registration History

Registration Dates Firm Name CRD# Branch Location

The broker previously was registered with the following firms:

B 08/2017 - 05/2020 FIRST SOUTHERN, LLC 282756 GUAYNABO, PR

B 04/2017 - 05/2020 FIRST SOUTHERN SECURITIES, LLC. 153133 GUAYNABO, PR

B 05/2014 - 05/2017 HERBERT J. SIMS & CO. INC. 3420 GUAYNABO, PR

B 03/2012 - 05/2014 RD CAPITAL GROUP, INC. 37470 SAN JUAN, PR

Employment History

Employment Employer Name Investment RelatedPosition Employer Location

This section provides up to 10 years of an individual broker's employment history as reported by the individual broker on the most recently filedForm U4.

Please note that the broker is required to provide this information only while registered with FINRA or a national securities exchangeand the information is not updated via Form U4 after the broker ceases to be registered. Therefore, an employment end date of"Present" may not reflect the broker's current employment status.

08/2017 - Present First Southern LLC RegisteredRepresentative

Y GUAYNABO, PR, UnitedStates

04/2017 - Present FIRST SOUTHERN SECURITIES, LLC. RegisteredRepresentative

Y Alpharetta, GA, United States

05/2014 - Present HJ SIMS REGISTERED REP. Y GUAYNABO, PR, UnitedStates

08/2008 - Present ATLAS CONSTRUCTION ADMINISTRATIVEPARTNER

N SAN JUAN, PR, UnitedStates

08/2008 - Present ESI PRESIDENT N SAN JUAN, PR, UnitedStates

Other Business Activities

This section includes information, if any, as provided by the broker regarding other business activities the broker is currently engaged in either asa proprietor, partner, officer, director, employee, trustee, agent or otherwise. This section does not include non-investment related activity that isexclusively charitable, civic, religious or fraternal and is recognized as tax exempt.

SBG LLC, non investment related. B5 Tabonuco Ste 216 PMB 127 Guaynabo, Puerto Rico 00968. Construction equipment rent/sales. Director.Start date 08/2018. 4 hours per month.






Disclosure Events

What you should know about reported disclosure events:

1. All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations,regulatory actions, employment terminations, bankruptcy filings, and criminal or civil judicial proceedings.

2. Certain thresholds must be met before an event is reported to CRD, for example: o A law enforcement agency must file formal charges before a broker is required to disclose a particular criminal event. o A customer dispute must involve allegations that a broker engaged in activity that violates certain rules or conduct governing the

industry and that the activity resulted in damages of at least $5,000. o

3. Disclosure events in BrokerCheck reports come from different sources: o As mentioned at the beginning of this report, information contained in BrokerCheck comes from brokers, brokerage firms and

regulators. When more than one of these sources reports information for the same disclosure event, all versions of the event willappear in the BrokerCheck report. The different versions will be separated by a solid line with the reporting source labeled.

o4. There are different statuses and dispositions for disclosure events:

o A disclosure event may have a status of pending, on appeal, or final.§ A "pending" event involves allegations that have not been proven or formally adjudicated.§ An event that is "on appeal" involves allegations that have been adjudicated but are currently being appealed.§ A "final" event has been concluded and its resolution is not subject to change.

o A final event generally has a disposition of adjudicated, settled or otherwise resolved.§ An "adjudicated" matter includes a disposition by (1) a court of law in a criminal or civil matter, or (2) an administrative

panel in an action brought by a regulator that is contested by the party charged with some alleged wrongdoing.§ A "settled" matter generally involves an agreement by the parties to resolve the matter. Please note that brokers and

brokerage firms may choose to settle customer disputes or regulatory matters for business or other reasons.§ A "resolved" matter usually involves no payment to the customer and no finding of wrongdoing on the part of the

individual broker. Such matters generally involve customer disputes.

For your convenience, below is a matrix of the number and status of disclosure events involving this broker. Further informationregarding these events can be found in the subsequent pages of this report. You also may wish to contact the broker to obtain furtherinformation regarding these events.

Final On AppealPending

Regulatory Event 0 2 0

Customer Dispute 1 2 N/A

Termination N/A 1 N/A






Disclosure Event Details

When evaluating this information, please keep in mind that a discloure event may be pending or involve allegations that are contested and havenot been resolved or proven. The matter may, in the end, be withdrawn, dismissed, resolved in favor of the broker, or concluded through anegotiated settlement for certain business reasons (e.g., to maintain customer relationships or to limit the litigation costs associated with disputingthe allegations) with no admission or finding of wrongdoing.

This report provides the information exactly as it was reported to CRD and therefore some of the specific data fields contained in the report maybe blank if the information was not provided to CRD.

Regulatory - Final

This type of disclosure event may involve (1) a final, formal proceeding initiated by a regulatory authority (e.g., a state securities agency, self-regulatory organization, federal regulatory such as the Securities and Exchange Commission, foreign financial regulatory body) for a violation ofinvestment-related rules or regulations; or (2) a revocation or suspension of a broker's authority to act as an attorney, accountant, or federalcontractor.

Disclosure 1 of 2

Reporting Source: Regulator

Regulatory Action InitiatedBy:

FINRA

Sanction(s) Sought: Suspension

Date Initiated: 02/03/2020

Docket/Case Number: 18-03374

Employing firm when activityoccurred which led to theregulatory action:

N/A

Product Type: No Product

Allegations: Respondent Sanchez Rivera failed to comply with an arbitration award orsettlement agreement or to satisfactorily respond to a FINRA request to provideinformation concerning the status of compliance.

Current Status: Final

Resolution: Order

Does the order constitute afinal order based onviolations of any laws orregulations that prohibitfraudulent, manipulative, ordeceptive conduct?





https://www.finra.org/arbitration-mediation/arbitration-awards-online?search=18-03374


Resolution Date: 06/15/2020

Sanctions Ordered:


No

Suspension

If the regulator is the SEC,CFTC, or an SRO, did theaction result in a finding of awillful violation or failure tosupervise?

No

(1) willfully violated anyprovision of the SecuritiesAct of 1933, the SecuritiesExchange Act of 1934, theInvestment Advisers Act of1940, the InvestmentCompany Act of 1940, theCommodity Exchange Act, orany rule or regulation underany of such Acts, or any ofthe rules of the MunicipalSecurities Rulemaking Board,or to have been unable tocomply with any provision ofsuch Act, rule or regulation?

(2) willfully aided, abetted,counseled, commanded,induced, or procured theviolation by any person ofany provision of theSecurities Act of 1933, theSecurities Exchange Act of1934, the InvestmentAdvisers Act of 1940, theInvestment Company Act of1940, the CommodityExchange Act, or any rule orregulation under any of suchActs, or any of the rules ofthe Municipal SecuritiesRulemaking Board? or






Regulator Statement Expedited Proceeding No. ARB200010; STAR No. 20200658832: On June 12,2020 an order granting a motion to withdraw a hearing request was issued. OnJune 10, 2020, Rivera filed a motion to withdraw his hearing request. FINRA doesnot oppose this motion. In light of the withdrawal of the hearing request, however,the stay is no longer in effect, and the Notice of Suspension is hereby deemed tobe final FINRA action. The suspension of Rivera's membership shall be effectiveas of June 15, 2020.

(2) willfully aided, abetted,counseled, commanded,induced, or procured theviolation by any person ofany provision of theSecurities Act of 1933, theSecurities Exchange Act of1934, the InvestmentAdvisers Act of 1940, theInvestment Company Act of1940, the CommodityExchange Act, or any rule orregulation under any of suchActs, or any of the rules ofthe Municipal SecuritiesRulemaking Board? or

(3) failed reasonably tosupervise another personsubject to your supervision,with a view to preventing theviolation by such person ofany provision of theSecurities Act of 1933, theSecurities Exchange Act of1934, the InvestmentAdvisers Act of 1940, theInvestment Company Act of1940, the CommodityExchange Act, or any rule orregulation under any suchActs, or any of the rules ofthe Municipal SecuritiesRulemaking Board?

Capacities Affected: All capacities

Duration: Indefinite

Start Date: 06/15/2020

End Date:

Sanction 1 of 1

Sanction Type: Suspension






Regulator Statement Expedited Proceeding No. ARB200010; STAR No. 20200658832: On June 12,2020 an order granting a motion to withdraw a hearing request was issued. OnJune 10, 2020, Rivera filed a motion to withdraw his hearing request. FINRA doesnot oppose this motion. In light of the withdrawal of the hearing request, however,the stay is no longer in effect, and the Notice of Suspension is hereby deemed tobe final FINRA action. The suspension of Rivera's membership shall be effectiveas of June 15, 2020.

Disclosure 2 of 2

i

Reporting Source: Broker

Regulatory Action InitiatedBy:

Nuclear Regulatory Commission

Sanction(s) Sought: Suspension

Date Initiated: 05/17/2012

Docket/Case Number: 7590-01-9; IA-11-036

Employing firm when activityoccurred which led to theregulatory action:

RD CAPITAL GROUP, INC.


Allegations: Failure to pay license fee. The order prohibited S&R from using its licensedradioactive material. S&R was required to dispose of or transfer the gauge to anauthorized recipient within 60 days and notify NRC of disposition. S&R failed topay license fee, and did not notify the NRC of dispositioned gauge.

Current Status: Final

Resolution: Order

Resolution Date: 05/17/2012

Sanctions Ordered:


No

Bar (Temporary/Time Limited)Other: Bar was for 5 years with rescind determination by a director at anytime

Sanction 1 of 1

Sanction Type: Bar (Temporary/Time Limited)11�2020 FINRA. All rights reserved. Report about JAIME I. SANCHEZ RIVERA.





Capacities Affected: None

Duration: 5 years

Start Date: 05/17/2012

End Date: 05/17/2017

Sanction Type: Bar (Temporary/Time Limited)






Customer Dispute - Settled

This type of disclosure event involves a consumer-initiated, investment-related complaint, arbitration proceeding or civil suit containing allegationsof sale practice violations against the broker that resulted in a monetary settlement to the customer.

Disclosure 1 of 1

Reporting Source: Firm

Employing firm whenactivities occurred which ledto the complaint:

Allegations:

HERBERT J. SIMS & CO. INC.

Clamant alleged unauthorized use of margin and misrepresentation of aninvestment with in the time frame of January 2016 to April 2017

Product Type: Debt-Government

Alleged Damages: $16,383.43

Date Complaint Received: 06/13/2017

Complaint Pending? No

Status:

Status Date: 11/10/2017

Settlement Amount: $20,000.00

Individual ContributionAmount:

$0.00

Customer Complaint Information

Settled

Alleged Damages AmountExplanation (if amount notexact):

Actual losses may involve interest charges.

Is this an oral complaint? No

Is this a written complaint? Yes

Is this an arbitration/CFTCreparation or civil litigation?

No

iReporting Source: Broker


Allegations:







Allegations: Clamant alleged unauthorized use of margin and misrepresentation of aninvestment with in the time frame of January 2016 to April 2017.

Product Type: Debt-Government




Status:


Settlement Amount: $20,000.00


$0.00


Settled


Actual losses may involve interest charges.




No






Customer Dispute - Closed-No Action / Withdrawn / Dismissed / Denied

This type of disclosure event involves (1) a consumer-initiated, investment-related arbitration or civil suit containing allegations of sales practiceviolations against the individual broker that was dismissed, withdrawn, or denied; or (2) a consumer-initiated, investment-related written complaintcontaining allegations that the broker engaged in sales practice violations resulting in compensatory damages of at least $5,000, forgery, theft, ormisappropriation, or conversion of funds or securities, which was closed without action, withdrawn, or denied.

Disclosure 1 of 1



Allegations:


Time Frame April 2014- April 2017:The client alleged that Jamie Sanchez enteredtrades without her authorization and used margin without her authorization.


Alleged Damages: $0.00



Status:


Settlement Amount:


Withdrawn


in excess of $5,000.00




Yes

Arbitration/Reparation forumor court name and location:

FINRA

Docket/Case #: 17-03147

Filing date ofarbitration/CFTC reparationor civil litigation:

11/21/2017






Settlement Amount:


iReporting Source: Broker


Allegations:


Time Frame April 2014- April 2017: The client alleged trades entered withoutauthorization and used margin without authorization.


Alleged Damages: $0.00



Status:


Settlement Amount:



Withdrawn


Believe the damages are greater than $5,000.00.




Yes

Arbitration/Reparation forumor court name and location:

FINRA

Docket/Case #: 17-03147

Filing date ofarbitration/CFTC reparationor civil litigation:

11/21/2017






Broker Statement [Customer] was a client of [Third Party], [Third Party] and myself. Our relationshipstarted in May 2014 as I started at HJ Sims. When we started at HJS she hadbonds in her account purchased by others and had already signed a marginagreement. She wanted to sell the bonds she owned as she was looking for moreincome and thus we presented a strategy that created income. At that meeting, herex-husband, [Third Party], attended and took a leading role in explaining to fruitionthe difference between bonds and the strategy proposed. She also expressed thatshe would use the income monthly. At that meeting they both agreed that thiswould be a good choice for her.

After a while, she started to ask for monies other than the current income to pay foradditional bills that she had not foreseen. On one of our quarterly meetings, Iasked her to explain the need for additional distributions and thus she explainedthat now she needed to start paying for her son's college tuition as her ex-husband, who apparently lost most of his money playing the treasury markets,could not afford to keep paying his sons college. After going through her account, Iexplained of the possibility that she could borrow against her account, through themargin agreement that she has signed, and that the account would still be makingenough income to cover the debit balance. After analyzing, she proceeded to askfor withdrawals on margin. However she started to take out more than originallyanticipated thus creating a negative debit balance. After multiple meetings andconversations, she told me that she was selling her business and that the profitswould be put back to the account, something that never happened as she confidedthe fact that she was considering the purchase of some real estate with thosemonies.

I understood that she accessed the account continuously and knew the values ofher position on an ongoing basis. I also understand she had other monies outsideher account at HJ Sims.






Customer Dispute - Pending

This type of disclosure event involves (1) a pending consumer-initiated, investment-related arbitration or civil suit that contains allegations of salespractice violations against the broker; or (2) a pending, consumer-initiated, investment-related written complaint containing allegations that thebroker engaged in, sales practice violations resulting in compensatory damages of at least $5,000, forgery, theft, or misappropriation, orconversion of funds or securities.

Disclosure 1 of 1



Allegations:

First Southern LLC

The Broker falsified documents that he provided the customer reflecting he hadownership in a fund. This was to make up for losses he occured at the brokersprior firm.




Complaint Pending? Yes

Settlement Amount:






No






Employment Separation After Allegations

This type of disclosure event involves a situation where the broker voluntarily resigned, was discharged, or was permitted to resign after beingaccused of (1) violating investment-related statutes, regulations, rules or industry standards of conduct; (2) fraud or the wrongful taking ofproperty; or (3) failure to supervise in connection with investment-related statutes, regulations, rules, or industry standards of conduct.

Disclosure 1 of 1


Employer Name: First Southern, LLC

Termination Type: Discharged

Termination Date: 05/14/2020

Allegations: RR was terminated for failing to advise the Firm immediately of a customercomplaint/concern; settling that complaint without disclosing it to the Firm; copyingand altering documents taken from the desk of a principal of the Firm, all withouthis knowledge or permission.


Firm Statement First, RR failed to advise the Firm immediately of a complaint/concern raised bycustomer regarding an investment recommendation RR had made, in violation ofFirm policy. Second, in response to the customer complaint, RR negotiated hisown settlement, away from the Firm, without advising the Firm, thereby avoidingthe need to disclose that settlement, also in violation of Firm policy and of FINRArules. Third, in connection with the undisclosed settlement with the complainingcustomer, RR took documents off the desk of a Firm principal, copied thosedocuments, and altered them, without the principal's knowledge or permission, togive the false impression to the complaining customer that RR owned a financialstake in a fund, which stake was going to be used to fund the undisclosedsettlement.






End of Report

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jaime isaac sanchez rivera - israelsneuman.com

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