Sebastian Jimenez (CRD#: 4427855) is a former registered broker. From 2007 to 2016, Mr. Jimenez was employed at HSBC Securities (USA) Inc. in Miami, Florida. On July 19th, 2018, this broker was barred by FINRA for providing false information regarding customer deposits. These deposits were flagged for potential money laundering activity. Here, our experienced investment fraud lawyers review the full allegations raised by FINRA against Mr. Jimenez.
Barred Broker: Sebastian Jimenez
Sebastian Jimenez was employed as a private banker and relationship manager at HSBC. In November of 2013, the brokerage firm’s compliance department directly asked Mr. Jimenez to obtain additional information regarding a$100,000 deposit that a customer made. Eventually, Mr. Jimenez instructed this customer to call him on his personal cell phone.
The customer, a foreign national, was under heightened scrutiny for money laundering. FINRA alleges that former HSBC broker Sebastian Jimenez helped the investor “clean up” his explanation of where the money came from. In addition, Mr. Jimenez facilitated another large deposit with the firm.
FINRA alleges that Mr. Jimenez then knowingly provided false information to the compliance department at HSBC Securities. This is a violation of FINRA Rule 2010. Without admitting to or denying wrongdoing, Mr. Jimenez consented to the sanctions, including an indefinite bar from the industry in all capacities.
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