ELIZABETH, NEW JERSEY
Have you lost money with financial advisor Mario Rivero Jr. of Elizabeth, New Jersey? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Mario Rivero. FINRA barred Rivero after he failed to respond to an investigation. Rivero was being investigated after two customers made allegations against him, which triggered an internal investigation by Wells Fargo.
Mario Rivero Jr. was a financial advisor and registered representative of Wells Fargo from 2010 to September 2020. He was also with LPL Financial from September 2020 to May 2021. He worked at a branch office in Elizabeth, New Jersey.
Brokerage firms like Wells Fargo and LPL Financial have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Phoenix, Arizona; Seattle, Washington; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in New Jersey in the past. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Wells Fargo and LPL Financial.
Click to view FINRA AWC: Rivero, Mario FINRA AWC
Click to view BROKERCHECK: Rivero, Mario BrokerCheck 6.7.21