Abelardo Riera: GS Group Advisor Faces Investor Complaint

New York City financial advisor Abelardo Riera (CRD# 2514172) allegedly misrepresented an investment, according to a recent investor complaint. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Merrill Lynch, whose website describes him as founder of The GS Group, a practice within the firm.

Mr. Riera’s BrokerCheck report discloses one investor complaint. Filed in May 2024, it alleges that as a representative of Merrill Lynch, he misrepresented material facts regarding an investment product between January 2023 and May 2024. The pending complaint alleges unspecified damages.

Merrill Lynch’s website describes Mr. Riera as founder of The Global Strategy Group. “With ages that align nicely with generations of client families, the team’s seven members are devoted to nurturing relationships with clients that allow for frequent and friendly discussions of their personal and professional objectives,” it states of the group’s services. “Taking cues from clients holding euros, pounds and exposed to currency and market volatility in their home countries, the team typically assists clients in diversifying assets among dollar-denominated investments—especially ones that can create reliable income from bonds in the U.S. and Latin America.”

According to the Financial Industry Regulatory Authority, Abelardo Riera holds 30 years of securities industry experience. Based in New York City, he has been registered as a broker and an investment advisor with Merrill Lynch since 1994 and 2004, respectively. His credentials include the passage of three securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. He holds 26 state licenses. (Information current as of July 14, 2024.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.