Sebastian Jimenez (Sebastian Jimenez) has consented to a sanction from FINRA (the Financial Industry Regulatory Authority). FINRA is a non-governmental regulator of securities firms that focuses on investor protection and market integrity through effective and efficient regulation of the securities industry. The attorneys of Fishman Haygood Investment Fraud Lawyers are currently investigating possible claims against stockbroker Sebastian Jimenez.
In July 2018 Sebastian Jimenez was barred indefinitely from practicing as a broker. Sebastian Jimenez worked for HSBC Securities (USA) Inc in Miami, Florida from 2007 to 2016.
Sebastian Jimenez was previously associated with Merrill Lynch, Pierce, Fenner & Smith Inc.
FINRA alleges that Sebastian Jimenez engaged in the following misconduct: purposefully providing false information about suspicious activity in customer accounts.
FINRA found throughout the course of an investigation that Jimenez supported an individual in covering up suspicious deposits to the customer’s bank account. Jimenez’s customer was a company that that was owned and controlled partially by this individual, a foreign national, who was already under surveillance for possible money-laundering.
Suspicious deposits to the customer’s accounts caught the attention of Jimenez’s firm’s compliance department. When the bank’s compliance department began investigating by asking Jimenez to obtain more information about the questionable deposits, Jimenez told the customer to call him on his personal cell phone and then knowingly reported false information back to the bank. Jimenez assisted in concealing the source of the funds and prevented both the firm and the bank from monitoring the accounts and from complying with anti-money laundering responsibilities.
Jimenez’s bar was due to the false information that he provided about the deposits, which reflect a failure to uphold the laws and regulations of his position. Jimenez has neither admitted nor denied FINRA’s findings.
If you invested money through Sebastian Jimenez, we would like to talk to you. Fishman Haygood Investment Fraud Lawyers are experienced securities litigators. We have helped hundreds of clients recover their losses that were due to broker fraud or negligence. Contact us today to discuss your options and receive a free consultation.
Fishman Haygood Investment Fraud Lawyers represents investors who have suffered investment losses in claims against their brokers or financial advisors. Our experienced attorneys have brought securities fraud cases in state and federal courts across the nation, as well as in FINRA arbitration. We work to help investors recoup their losses.
Of course, all cases are different. For that reason, we analyze each client’s matter individually and provide our personalized evaluation only after considering all of the facts and circumstances of all possible claims. If you or someone you know is the victim of securities fraud, please contact a Fishman Haygood Investment Fraud lawyer today.