Mario E. Rivero


May 8, 2024

Type of alert:

SEC Final Judgment  

The U.S. District Court for New Jersey issued a final judgment against Mario E. Rivero, a former registered representative, for misappropriating over $480,000 from advisory clients and brokerage customers. Between July 2018 and November 2020, Rivero fraudulently diverted funds from investment accounts, including those of elderly and disabled investors, to entities he secretly controlled. He convinced clients to transfer money, falsely claiming it was for investments, without disclosing his personal benefit. Rivero was charged with violating securities laws and agreed to a permanent injunction and disgorgement of funds in a consent judgment.

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