{"id":10507,"date":"2022-03-24T11:51:07","date_gmt":"2022-03-24T15:51:07","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=10507"},"modified":"2022-03-24T11:51:07","modified_gmt":"2022-03-24T15:51:07","slug":"mario-rivero-jr-arrested-after-sec-files-charges","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/mario-rivero-jr-arrested-after-sec-files-charges\/","title":{"rendered":"Mario Rivero Jr. Arrested After SEC Files Charges"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-10509 size-full\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/03\/Mario-Rivero.png\" alt=\"Mario Rivero Jr. (Mario Everildo Rivero Jr., CRD# 5856503), 38, is a former registered broker and investment advisor whose last known employer was LPL Financial LLC (CRD#:6413) of Red Bank, NJ. His only prior industry employment was with Wells-Fargo Clearing Services, LLC (CRD#:19616) of Elizabeth, NJ.\u00a0 He has been in the industry since 2010.  After a FINRA investigation and two sets of charges, he has been arrested in two separate cases.  The FINRA Investigation And Ban  Rivero has only one disclosure in his FINRA record that involves a similar investigation, leading to his indefinite and permanent bar from the securities industry. Rivero was a broker and investment advisor at Wells Fargo for a total of nine years, then resigned to join LPL Financial. Wells Fargo originally filed a Form U5 termination form stating that Rivero had voluntarily resigned. However, Wells Fargo amended the Form U5 on April 22nd, 2021. After his move to LPL, Wells Fargo received complaints from two of Rivera's customers, indicating that he may have misappropriated some of their funds. Rivero remained registered with LPL until 06\/04\/2021.  FINRA then began an investigation, which included requesting documents and information from Rivero regarding this matter. FINRA made the request on May 3rd, 2021. In a phone call on May 18th, 2021, with FINRA staff, Rivero's legal counsel acknowledged the receipt of FINRA\u2019s requests, but declined to produce any information or documentation requested at any time. By doing so, Rivero violated several of FINRA\u2019s rules, leading to sanctioning. This sanction included a permanent bar from associating with any FINRA member in all capacities. Rivero signed a letter of Acceptance Waiver And Consent (AWC), and the bar became final on June 4th, 2021.\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/03\/Mario-Rivero.png 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/03\/Mario-Rivero-180x120.png 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>Mario Rivero Jr. (Mario Everildo Rivero Jr., CRD# <a href=\"https:\/\/brokercheck.finra.org\/individual\/summary\/5856503\" target=\"_blank\">5856503<\/a>), 38, is a former registered broker and investment advisor whose last known employer was LPL Financial LLC (CRD#:6413) of Red Bank, NJ. His only prior industry employment was with Wells-Fargo Clearing Services, LLC (CRD#:19616) of Elizabeth, NJ.\u00a0 He has been in the industry since 2010.<\/p>\n<p>After a FINRA investigation and two sets of charges, he has been arrested in two separate cases. <a href=\"https:\/\/www.silverlaw.com\/blog\/mario-rivero-jr-arrested-after-sec-files-charges\/#more-10507\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mario Rivero Jr. (Mario Everildo Rivero Jr., CRD# 5856503), 38, is a former registered broker and investment advisor whose last known employer was LPL Financial LLC (CRD#:6413) of Red Bank, NJ. His only prior industry employment was with Wells-Fargo Clearing Services, LLC (CRD#:19616) of Elizabeth, NJ.\u00a0 He has been in the industry since 2010. After [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[582,580],"tags":[],"class_list":["post-10507","post","type-post","status-publish","format-standard","hentry","category-elder-fraud","category-stockbroker-misconduct"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Mario Rivero Jr. Arrested After SEC Files Charges &#8212;<\/title>\n<meta name=\"description\" content=\"Mario Rivero Jr., 38, is a former registered broker and investment advisor whose last known employer was LPL Financial LLC of Red Bank, NJ.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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