Alec Rivera—Financial Fraud

New Orleans stockbroker fraud lawyerAlec Rivera Allegedly Transferred Over $1 Million from Client Accounts without Consent

Alec Rivera, from 2010 to 2013, allegedly transferred over $1 million from client accounts without consent and purportedly put the cash into other accounts, according to Court Documents from Chicago currently under review by attorneys Alan Rosca and James Booker.

Rivera, a former Merrill Lynch financial advisor, allegedly told his colleagues that the clients had given him authorization to move the funds, according to documents filed by the prosecution.

The Peiffer Rosca Wolf securities lawyers are currently investigating Alec Rivera’s alleged financial fraud.

Alec Rivera Allegedly Used Chamber of Commerce Bank Accounts to Write Checks to Himself

Alec Rivera allegedly used his former position as treasurer to write checks to himself with amended subject lines such as “IRS attorney payment”, according to Court Documents from Chicago presently under review by attorneys Alan Rosca and James Booker.

Rivera, who had been barred by FINRA in 2014, allegedly sent client account documents to himself, said Documents report.

Finally, Rivera then allegedly sent falsified statements to clients which failed to the aforementioned Court Documents.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of investment fraud and are currently investigating Alec Rivera’s alleged investment fraud. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Alec Rivera’s alleged investment fraud scheme may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1200 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.