Ariel A. Rivero of Miami, Florida, a stockbroker formerly registered with Jefferies LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $999,999.00 in damages based upon allegations that Rivero made unsuitable transactions, used the customer’s funds without authorization, failed to supervise, and breached a fiduciary duty in connection with the recommendation and sale of LMS Investments LLC and Octagon SA when Rivero was associated with Jefferies LLC. Financial Industry Regulatory Authority (FINRA) Arbitration No. 22-00687 (April 5, 2022).
This is not the first time that Rivero has been referenced in a customer initiated investment related dispute concerning his conduct in the securities industry. Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Rivero is also referenced in a customer initiated investment related FINRA securities arbitration claim that was settled for $260,000.00 in damages based upon allegations that Rivero made misrepresentations concerning exchange-traded funds and options at Jefferies LLC. FINRA Arbitration No. 21-02298 (September 10, 2021).
