According to FINRA, Ariel A. Rivero of Miami, Florida had his registration revoked effective May 2, 2025, pursuant to FINRA Rule 8320 for failure to pay fines and/or costs.

Two other individuals had their revocations rescinded during this period after coming into compliance: Stephanie Amundsen Murray of Allentown, Pennsylvania (revocation rescinded May 30, 2025, after being in effect since January 29, 2025) and Shane Edward Perry of Pismo Beach, California (revocation rescinded May 22, 2025, after being in effect since May 23, 2023).

A revocation under Rule 8320 occurs when a registered person fails to pay fines or costs imposed in a FINRA disciplinary proceeding. Unlike a suspension, which may be lifted once requirements are met, a revocation is a more serious sanction that bars the individual from association with any FINRA member.

For Rivero, this revocation means he cannot work in any capacity with a FINRA member firm. The original violations that resulted in fines are disclosed in FINRA BrokerCheck.

The rescission of revocations for Murray and Perry indicates they paid their outstanding fines and costs, allowing them to potentially return to the securities industry.

Revocations for failure to pay fines can indicate financial difficulties that may be relevant to any outstanding claims investors might have. If an individual cannot pay regulatory fines, they may have difficulty paying customer claims as well.

Investors with potential claims against Rivero should consult with a securities attorney about options. Claims may still be pursued through FINRA arbitration, and there may be other responsible parties.