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Jaime Rios: Regulators Censure, Finr Money Concepts Advisor
Corpus Christi financial advisor Jaime Rios (CRD# 1747126) was recently sanctioned by securities regulators in connection with alleged rule violations. Financial Industry Regulatory Authority records show that he is registered as a broker with Money Concepts Capital Corporation.
Mr. Rios’ BrokerCheck report discloses the Texas State Securities Board’s recent sanction against him. Filed in December 2023, it states that he failed to obtain his member firm’s prior written approval for an outside business activity “and related private securities transaction.” He also failed to update his disclosure form to include the activity, according to the findings. In connection with these findings, he was censured and ordered to pay a fine of $25,000.
Money Concepts Capital Corporation’s website includes a page describing the firm’s mission. “We are a community of dedicated financial professionals committed to the belief that everyone should have the freedom to pursue their own goals,” it states. “We focus on providing the resources and relationships to support the needs and objectives of the clients we serve.”
According to the Financial Industry Regulatory Authority, Jaime Rios holds 27 years of securities industry experience. Based in Corpus Christi, Texas, he has been a broker with Money Concepts Capital Corporation since 1998. His registration history includes Jefferson Pilot Securities Corporation (Fort Wayne, Indiana; 1996-1998), MetLife Securities (Springfield, Massachusetts; 1995-1996), and Metropolitan Life Insurance Company (New York, New York; 1995-1996). His credentials include the passage of three securities industry qualifying exams: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. He is licensed in California, Nevada, New Mexico, and Texas. (Information current as of February 10, 2024.)
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