Northwestern Mutual Advisor Amanda Justine Sarabia Fails to Comply with FINRA Probe

Northwestern Mutual Advisor Amanda Justine Sarabia Fails to Comply with FINRA Probe Amanda Justine Sarabia (CRD No. 6437164) was an associated employee at Northwestern Mutual Investment Services LLC. From 2015 to 2018, she was based at the firm’s El Paso, Texas branch office.

On April 18th, 2019, FINRA filed a complaint (Disciplinary Proceeding No. 2018057635002) against Ms. Sarabia after she failed to cooperate with an investigation into allegations of theft.

Investigation: Amanda Justine Sarabia

While employed at Northwestern Mutual Investment Services, Ms. Sarabia was responsible for a number of different compliance-related tasks, including logging and forwarding customer securities checks to supervisors at the company. In this position, she had access to sensitive, confidential information.

In early 2018, Northwestern Mutual terminated Ms. Sarabia. On the official disclosure form, the firm stated that she was fired after she allegedly took a blank check from a co-worker and stole $200.

FINRA launched its own independent investigation into these allegations. Under FINRA Rule 8210, all registered representatives and associated persons have a professional duty to cooperate with probes.

Investigators contend that Ms. Sarabia, while acknowledging that she received a request for testimony from FINRA, refused to cooperate with the investigation. The Department of Enforcement is seeking all appropriate sanctions, potentially including an indefinite suspension from the securities industry.

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