Investigation of Daniel Rivera and Horter Investment Management, LLC

Have you lost money with financial advisor Daniel Rivera of Staten Island, New York?  We are investigating allegations made by the SEC (Securities and Exchange Commission) against Daniel Rivera. The SEC filed a complaint in the District Court of New Jersey, alleging that Daniel Rivera and his brother Matthew Rivera, engaged in a $2.7 million Ponzi scheme.

The SEC alleged that from 2008 to 2014, Daniel and Matthew Rivera solicited about 30 investors to invest $2.7 million in Robbins Lane Properties, Inc.  The SEC alleges that Robbins Lane Properties was simply a Ponzi Scheme run by Matthew and Daniel Rivera.  Robbins Lane Properties was purported to be investments in real estate, but instead it was alleged that the Riveras misappropriated or stole investor funds and used them to pay for tickets to sporting events, college tuition, and credit card bills unrelated to Robbins Lane.

Daniel Rivera was a financial advisor and registered representative of Chase Investment Services from October 2007 to April 2008.  He worked at a Chase office in Staten Island, New York.  Daniel Rivera also was affiliated with Horter Investment Management, LLC, an investment advisory firm based out of Cincinnati, Ohio.  Daniel Rivera also founded Dan Rivera, Inc. which had offices in Bridgewater, New Jersey.

Advisory firms like Horter Investment Management have a responsibility to adequately supervise all investment advisors and employees who are registered through their firm.  Advisory firms also must take steps to ensure that their advisors follow all securities rules and regulations, as well as internal firm policies.  When advisory firms like Horter Investmetnt Management fail to adequately supervise their 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 and the Seattle area.  We represent investors in all 50 states, including investors in New York and New Jersey. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including LPL Financial, Merrill Lynch, Morgan Stanley, Smith Barney, Stifel Nicolaus & Company, UBS Financial Services, Oppenheimer, Charles Schwab, Wells Fargo Advisors, Ameriprise Financial Services, Raymond James, ProEquities, Securities America, National Securities Corp., and many others.

Click to view:  Rivera SEC Comp

Click to view:  Rivera BrokerCheck 3.26.16

HAVE YOU LOST MONEY WITH DANIEL RIVERA OR HORTER INVESTMENT MANAGEMENT?   

             CONTACT ISRAELS & NEUMAN, PLC FOR A FREE CASE EVALUATION

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