INVESTOR WARNING! Investigation of Alec Rivera from Chicago, Illinois
WARNING! Alec Rivera from Chicago, Illinois
Have you lost money with financial advisor Alec Rivera of Chicago, Illinois? We are investigating allegations made against Alec Rivera, a former financial advisor with Merrill Lynch. Rivera has allegedly been charged with wire fraud, in which it is alleged that he transferred over $1 million of funds belonging to his clients’ without their knowledge.
Alec Rivera was a financial advisor and registered representative of Merrill Lynch from May 2008 to October 2013. He worked at a branch office in Chicago, Illinois.
Brokerage firms like Merrill Lynch have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Ann Arbor, Michigan; and the Seattle area. We represent investors in FINRA arbitration proceedings in all 50 states, including representing over 150 investors in Illinois in the past. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including Merrill Lynch.
Attorney David Neuman was born in Berwyn, Illinois and grew up in the western suburbs in Addison. He earned a degree in Finance at the University of Illinois in Urbana-Champaign before earning his law degree at Northern Illinois University in DeKalb, Illinois. Mr. Neuman also previously worked for a number of Chicago area law firms, including firms in St. Charles, Geneva, Chicago, and Barrington. He also previously lived in the Ravenswood neighborhood on the north side of Chicago.
Click to view: Rivera, Alec BrokerCheck 10.7.16
HAVE YOU LOST MONEY WITH ALEC RIVERA OR MERRILL LYNCH?
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Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.
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