Matthew A. Siliato Investigation
March 2022 -New York
The FINRA records of Matthew Angelo Siliato, a former stock broker who was last employed by Spartan Capital Securities disclose 3 regulatory events, a currently pending customer dispute, 6 prior final customer disputes, and 2 currently outstanding judgement/liens.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In 4/2021 FINRA permanently barred Siliato to resolve allegations that he refused to cooperate with an investigation into Siliato’s potentially excessive and unauthorized trading.
In currently pending FINRA Case #17-884 a customer of Meyers Assoc., now known as Windsor Capital, alleges damages of $383,000 for churning, unsuitable trades and unauthorized trading for the period 2/2016-11/2016.
In prior FINRA Case#15-03036 a customer of former employer National Securities Corp alleged damages of $522,941 for unsuitable investment recommendations and breach of fiduciary duty. The case was settled for $250,000.
Siliato was registered with Wynston Hill Capital from 12/2018-6/2019. Siliato was registered with Spartan Capital Securities 1/2017-11/2018. He was employed by Meyers Associates (WIndsor Street Capital) from 3/2013-1/2017. Prior to that he was registered with National Securities Corp. from 1/2010-2/2013.
If you have questions about how your account has been handled by Matthew A. Siliato, call for a no charge consultation to discuss your options.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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