Last Updated: May 2024 (Miami, FL)
Ariel Rivero Investigation Summary
Here’s what you need to know about Miami, FL, stockbroker Ariel Rivero:
- Name: Mr. Ariel A. Rivero
- Current Employer: Insigneo Securities, Insigneo Advisory Services
- DBA: The Private Wealth Group
- Previous Firms: Jefferies LLC, Oppenheimer & Co., Morgan Stanley, Leucadia Asset Management (RIA)
- Function: Stock Broker/ Financial Advisor/Registered Investment Advisor
- Aliases: Ariel Rivero
- Primary Location: Miami, FL
- CRD 4236679
- Can Ariel Rivero be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest Settlement : $260,000
- Pending Customer Dispute Seeks Damages of $999,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Ariel Rivero As Your Stockbroker?
In 4/2022 a customer of Jefferies LLC filed a FINRA arbitration alleging that that Ariel Rivero breached his fiduciary duty and misrepresented the risks and facts related to outside investments in Octagon, S.A. and LMS Investments. According to FINRA records the customer is seeking damages of $999,000.
In 12/2021 a customer of Jefferies LLC was paid $260,000 to resolve allegations that Ariel Rivero recommended unsuitable and risky investments and made unauthorized trades.
In May 2024 FINRA suspended Rivero from associating with any FINRA member in all capacities for six months and assessed a fine of $15,000 for the following violative conduct:
- RIvero used WhatsApp for securities-related communications in violation of FINRA Rules 4511 and 2010.
- Rivero received a loan from a customer without prior written notice or obtaining written approval from his firm in violation of FINRA Rule 3240 and FINRA Rule 2010.
- RIvero attempted to settle a customer complaint without the knowledge or consent of his firm in violation of FINRA Rule 2010.
See FINRA Letter of Acceptance, Waiver and Consent No. 2021072830601.
FINRA Rule 2010-states that a brokerage firm: “in the conduct of its business, shall observe high standards of commercial honor and just and equitable principles of trade.”
See FINRA Rule 3240 Borrowing From or Lending to Customers
Allegations of Broker Misconduct Against Ariel Rivero
Customers of Ariel Rivero have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendations
- Unauthorized Trading
- Misrepresentation
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.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Ariel Rivero , contact us for a complimentary consultation with an experience securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
