Ariel Rivero Investigation
April 2023 -Miami, Florida, USA /Buenos Aires, Argentina
We are investigating former Jefferies LLC financial advisor Ariel A. Rivero on behalf of a client residing in Buenos Aires who alleges that they were enticed by Ariel Rivero to invest in a private company owned by Ariel Rivero’s now deceased brother Diego F. Rivero of Buenos Aires, Argentina.
LMS Investments LLC-Argentina ATM Business
Our client believed they were investing in an ATM business to be operated in Buenos Aires, called LMS Investment LLC. Other companies with possible ties include:
- Octagon S.A.
- Noreste Bursátil
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
According to publicly available records Ariel Rivero, was employed by Jefferies LLC from 5/2016-1/2022. During this same time frame he was also registered with Leucadia Asset Management, an investment advisory firm headquartered in New York City. Per FINRA records, in 12/2021 a customer of Jefferies LLC was paid $260,000 to resolve allegations that Ariel Rivero breached his fiduciary duties by placing Claimant into unsuitable and risky investments and made unauthorized use of client funds. Claimant also alleged that Jefferies failed to maintain an adequate system of supervision and failed to supervise Rivero.
In 12/2021 Ariel Rivero left Jefferies LLC and joined Insigneo Securities LLC, located in Miami, FL.
According to publicly available records Diego Fernando Rivero, brother of Ariel Rivero, had a lengthy career in the financial industry in New York City for many years prior to returning to Buenos Aires a few years ago. Prior employment in the U.S. financial industry includes:
- Zebed Securities
- Mizuho Securities
- Morgan Stanley
- Torino Capital
- UBS Securities
- Merrill Lynch
- Citigroup Global Markets
According to Buenos Aires news agency La Nacion, Diego Rivero committed suicide in April 2021 leaving a note outlining a series of financial setbacks after returning to Argentina in 2018 with the intention of developing a brokerage business locally.
Insigneo Securities is headquartered on Brickell Ave. in Miami, Florida. President and COO is Javier Rivero. According to FINRA records, Insigneo has operations in the following South American cities:
- Montevideo , Uruguay
- Buenos Aires, Argentina
- Santiago, Chile
- El Salvador
Insigneo Securities is affiliated with 2 SEC investment advisors, Insigneo Wealth Advisors, LLC, and Insigneo Advisory Services, LLC.
Have Information Helpful to our Investigation?
If you have information which you believe would be helpful to our investigation of Ariel Rivero, Diego Rivero or LMS Investments LLC, we would appreciate if you would contact us at our office number below, or by email to RHR@dmrslaw.com.
¿Tiene Información útil para nuestra Investigación?
Si tiene información que cree que sería útil para nuestra investigación de Ariel Rivero, Diego Rivero y LMS Investments LLC, le agradeceríamos que se comunicara con nosotros al número de nuestra oficina a continuación, o por correo electrónico a RHR@dmrslaw.com.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
Florida-561 391 1900