The suspension is in effect from March 20, 2017, through May 19, 2017. (FINRA Case #2015044792802)
Diego Jimenez (CRD #4557717, Arlington, Texas) submitted an AWC(Accept, Waiver & Consent) in which he was assessed a deferred fine of $5,000 and suspended from association with any FINRA member in any capacity for two months. Without admitting or denying the findings, Jimenez consented to the sanctions and to the entry of findings that he engaged in securities activities without being registered with FINRA.
The findings stated that Jimenez voluntarily terminated his registration with a member firm but remained associated with the firm and participated in various securities activities that supported his father’s securities business at the firm. As part of this work, while he was not registered, Jimenez solicited prospective mutual fund customers, made mutual fund presentations, discussed mutual fund investments with prospective customers, and recommended the purchase of mutual funds resulting in total sales of more than $800,000 in 35 mutual fund accounts. Jimenez also assisted customers with the completion of documents necessary to purchase mutual funds and entered customer and trade information electronically into the firm’s computer system. These activities required registration.