Morissa F. Rivo, a former representative of Signator Investors, Inc. and MetLife Securities, Inc., consented to FINRA’s sanction that she be barred from the securities industry. According to Rivo’s Letter of Acceptance, Waiver and Consent (“AWC”) with FINRA, “Rivo failed to appear for on-the-record testimony after FINRA requested her testimony” during the course of a FINRA investigation. The AWC further reflected that Rivo consented to “a bar from associating with any FINRA member firm in any capacity.”
A review of Rivo’s FINRA BrokerCheck report shows that she was employed by MetLife Securities from May 2006 through November 2013 and that she was employed by Signator Investors from February 2014 through May 2015. The report reflects that Rivo was discharged by MetLife because she “did not follow company policy with respect to customer signatures on account documents.” The report further states that Rivo was discharged by Signator Investors in April 2015 for “failure to adhere to firm policies and procedures” in connection with variable annuities.
Rivo has been the subject of three customer complaints, two of which involve the sale of variable annuities and another involving the sale of life insurance.
The FINRA disciplinary proceeding relating to Rivo’s AWC is No. 2014041961001.
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