Ariel Rivero, Broker with Insigneo Securities, Named in Customer Dispute Alleging Various Forms of Misconduct

INVESTORS: Insigneo Securities broker Ariel Rivero was named in a customer dispute alleging breach of fiduciary duty, failure to supervise, and other forms of misconduct.

Ariel Rivero (CRD: 4236679) has been registered as a broker with Insigneo Securities since 2021. Previously, Rivero was registered as a broker with Leucadia Asset Management from 2016 until 2022.

Rivero has two disclosures on his BrokerCheck report.

April 2022 Customer Dispute

Status: Pending

Allegations: Claimants allege that the respondents breached their fiduciary duties by recommending, failing to supervise the recommendation of, and misrepresenting the risks and facts related to two unsuitable outside investments. Respondents deny all allegations contained in the Statement of Claim.

Damage Amount Requested: $999,999.00

September 2021 Customer Dispute

Status: Settled

Allegations: Client alleges breaches of fiduciary duties by placing Claimant into unsuitable and risky investments; unauthorized use of client funds; and failure to supervise and to maintain adequate system of supervision. Time Period: Late 2020 to present.

Damage Amount Requested: $390,000.00

Settlement Amount: $260,000.00

Broker Comment: The firm denies the allegations in the complaint.

The Sonn Law Group is currently investigating allegations surrounding Ariel Rivero. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.