Mario Everildo Rivero, Jr. of Fort Mill South Carolina a stockbroker formerly registered with Wells Fargo has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Rivero obstructed a FINRA investigation into accusations that had been made against him by two of his customers. Letter of Acceptance Waiver and Consent No. 2021071160701 (June 4, 2021).
According to the AWC, on May 3, 2021, Rivero was asked by FINRA to provide information and documents relating to his interactions with customers. The regulator learned that some of Rivero’s customers made allegations against him which prompted Wells Fargo to undertake an internal investigation before Rivero’s registration had been terminated.
Rivero’s legal counsel told FINRA on May 18, 2021 that Rivero knew what FINRA asked for. The stockbroker expressed that he would not cooperate with FINRA’s request. FINRA found him to be in violation of FINRA Rules 2010 and 8210.
Rivero was registered with Wells Fargo Clearing Services between December 2, 2010 and October 1, 2020. He was registered with LPL Financial LLC between September 28, 2020 and June 4, 2021.
