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Abelardo Riera Subject of a Misrepresentation Dispute

Abelardo Riera (CRD #: 2514172), a broker registered with Merrill Lynch, Pierce, Fenner & Smith, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on June 7, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On May 10, 2024, an investor alleged that Abelardo Riera misrepresented an investment. 

FINRA Rule 2020 – Misrepresentation

FINRA Rule 2020 prohibits the misrepresentation of investments and omission of material facts. Material facts include information about an investment’s potential returns, as well as charges, expenses and fees. For instance, brokers must always disclose the risks associated with illiquid investments, such as early withdrawal fees. 

High Standards of Commercial Honor 

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of FINRA Rule 2020 also violate this rule. 

Background Information 

Abelardo Riera has passed the following exams: 

  • Series 63 Uniform Securities Agent State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 

He is a registered broker in 21 states, D.C., and Puerto Rico. He is a registered investment adviser in Connecticut, New York, and Texas. 

Kurta Law Can Help 

If you have worked with Abelardo Riera and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.