Jaime Rochelle Ragins (CRD #6759287) Has an Employment Separation Disclosure on FINRA BrokerCheck

Jaime Rochelle Ragins (CRD #6759287) was previously registered as a broker and has an employment separation disclosure on FINRA BrokerCheck. We reviewed her BrokerCheck report on February 24, 2026. It reflects one termination disclosure. If you invested with Jaime Ragins and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Employment Separation

Jaime Rochelle Ragins’s FINRA BrokerCheck Report reflects one employment separation disclosure. A summary is below:

FINRA BrokerCheck states that Midwest Financial Network, LLC discharged Jaime Ragins on September 26, 2025. The firm reported that, on September 19, 2025, 3,414 firm files were downloaded from encrypted storage to a personal device outside the scope of her role. The firm also reported that she was listed as a registered agent for a client of the firm’s limited liability company without disclosure or firm approval.

Rule Summary #1: FINRA Rule 3270 (Outside Business Activities of Registered Persons)

FINRA Rule 3270 requires registered persons to give their firm written notice before engaging in outside business activities. Disclosures about undisclosed outside roles can raise questions about whether the firm was informed and able to review the activity.

Rule Summary #2: FINRA Rule 3110 (Supervision)

FINRA Rule 3110 requires firms to maintain a supervisory system that is reasonably designed to achieve compliance with securities laws and FINRA rules. When a termination involves firm records or internal controls, it can highlight the importance of supervision and enforcement of firm policies.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on Her FINRA BrokerCheck report, Jaime Ragins:

Is not currently registered as a broker.

Has passed the Securities Industry Essentials (SIE) exam. Jaime Ragins has also passed Series 6, Series 65, and Series 63.

Was previously registered with MML Investors Services, LLC.

Kurta Law Can Help

If you have worked with Jaime Ragins and you have concerns about her activity, Kurta Law may be able to help you evaluate your legal options. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Securities Attorney | Securities Fraud

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts and explain possible next steps.