Advisor Alert: Our Attorneys Are Investigating Robert Allen Silvestri For Investment Fraud
Did You Lose Money Because of Rob Silvestri?
Filed: January 30, 2024
Robert Silvestri (also known as Rob Silvestri) has been the subject of one (1) regulatory event, two (2) termination events, and two (2) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Robert Allen Silvestri.
Who Is Robert Allen Silvestri?
- Advisor Name: Robert Allen Silvestri
- Aliases: Rob Silvestri, Robert A Silvestri
- CRD: 2037669
- Location: Dallas, Texas
- Current Employer: No Longer Allowed to Practice in the Securities Industry
- Previous Firms: Aegis Capital Corp., Level Four Financial, LLC, and Morgan Stanley
- Number of Known Customer Complaints: 2
- Number of Known Regulatory Events: 1
- Number of Known Termination Events: 2
- Can Robert Silvestri Be Sued: Yes, in Private Arbitration
- Can Robert Silvestri’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $9,500
- Highest Settlement: $8,000
If you have suffered investment losses by Robert Silvestri, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Rob Silvestri For Broker Misconduct
As of this publication date, Robert Silvestri has been the subject of 1 regulatory event, 2 termination events, and 2 customer disputes. Let’s review them below.
In November 2023, FINRA initiated a regulatory action against or in reference to Robert Silvestri for refusing to appear for on-the-record testimony requested by FINRA in connection to its investigation into whether he borrowed funds from a customer.
In July 2023, Aegis Capital Corp. terminated Robert Silvestri after receiving an alert that Mr. Silvestri’s license had been amended by his prior broker-dealer to reflect that he had borrowed money from a client that he serviced at both his prior broker-dealer and who was a current client. At or around the same time, the Firm received a phone call from the customer who advised the Firm that she had loaned Mr. Silvestri money while he was registered with his prior firm as well as when he was registered with the Firm.
In November 2022, Level Four Financial, LLC terminated Robert Silvestri for failing to follow the firm’s stated policies and procedures relating to disclosure information.
In November 2022, a complaint was filed against or in reference to Robert Silvestri by a customer of Level Four Financial, LLC alleging unsuitable recommendations in her fee-based account since account inception (February 2020) to present which resulted in losses in her account. Customer additionally alleges that the representative wrote personal checks to cover some of the losses in her account. Per the customer, he/she lost over $9,500 because of Mr. Silvestri’s actions. On January 9, 2023, Mr. Silvestri settled the claim for $8,000.
In May 2002, a NASD was filed against or in reference to Robert Silvestri by a customer of UBS/Painnewebber, Inc., Merrill Lynch, Pierce, Fenner & Smith Inc. alleging unsuitability, misrepresentations and omissions, and breach of fiduciary duty. An arbitration panel found that Robert Silvestri was negligent and awarded $20,000 in favor of the customers.
How To File A Claim Against Rob Silvestri (previously with Aegis Capital Corp., Level Four Financial, LLC, and Morgan Stanley) To Get Your Money Back
If you have questions about Robert Silvestri, Aegis Capital Corp., Level Four Financial, LLC, Morgan Stanley, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.